INCOME TAX ASSESSMENT REGULATIONS 1997

PART 3 - SUPERANNUATION BENEFITS PAID FROM COMPLYING PLANS ETC  

Division 301 - Superannuation member benefits paid from complying plans etc  

Subdivision 301-E - Superannuation lump sum member benefits less than $200  

REGULATION 301-225.01   SUPERANNUATION LUMP SUM MEMBER BENEFITS LESS THAN $200 ARE TAX FREE  

301-225.01(1)  
For paragraph 301-225(d) of the Act, this regulation sets out requirements in relation to a superannuation member benefit.

Note:

The effect of section 301-225 of the Act is that a superannuation member benefit is not assessable income and is not exempt income in specified circumstances. One of the circumstances is that the requirements (if any) specified in the Regulations in relation to the benefit are satisfied.

301-225.01(2)  


A requirement is that the member ' s benefit must be released under:


(a) item 104 or 111 of Part 1 of Schedule 1 to the SIS Regulations; or


(b) item 211 of Part 2 of Schedule 1 to the SIS Regulations; or


(c) item 111 of Schedule 2 to the RSA Regulations.




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