Income Tax Assessment Act 1997
Despite sections 301-100 and 302-85 , if:
(a) during a *financial year, you receive one or more *superannuation income stream benefits:
(i) that are *defined benefit income; and
(ii) in relation to which you are entitled, or apart from this section you would be entitled, to one or more *tax offsets under section 301-100 or 302-85 ; and
(b) the sum of all of the superannuation income stream benefits you receive during the financial year:
(i) that are defined benefit income; and
the sum of those tax offsets is reduced (but not below zero) by an amount equal to 10% of that excess.
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