Income Tax Assessment Act 1997



Division 303 - Superannuation benefits paid in special circumstances  

Subdivision 303-B - Other special circumstances  

SECTION 303-20   303-20   Payments from release authorities - paying debt account discharge liability for a superannuation interest  

A * superannuation benefit that you receive (or are taken to receive), paid in relation to a release authority issued to you in respect of a * release entitlement you have, is not assessable income and is not * exempt income.

However, payments that exceed the release entitlement are assessable: see section 304-20 .


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