Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 (21 of 2015)
Schedule 4 Providing certainty for superannuation fund mergers
Part 2 Other amendments
Income Tax Assessment Act 1997
13 At the end of section 307-210
Tax free component reduces if a benefit is paid
(2) If a *superannuation benefit is paid from the *superannuation interest:
(a) the *crystallised segment of the interest is reduced (but not below zero) by an amount equal to the *tax free component of the benefit; and
(b) if any of that amount remains, the *contributions segment of the interest is reduced (but not below zero) by that remaining amount.
Note: This has the effect of reducing the interest's tax free component by the amount of the benefit's tax free component.