Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 301 - Superannuation member benefits paid from complying plans etc.  

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

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

301-225.01(1)    
For the purposes of paragraph 301-225(1)(d) of the Act, this section specifies 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 certain circumstances (which include satisfying the requirements in subsection (2) of this section).


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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