Income Tax Assessment Act 1997
Part 3-30 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.
Div 307 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable on and after 1 July 2007.
Subdiv 307-B inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable on and after 1 July 2007.
A superannuation lump sum is a *superannuation benefit that is not a *superannuation income stream benefit (see section 307-70 ).
S 307-65 amended by No 81 of 2016, s 3 and Sch 8 item 12, by inserting " (1) " before " A " , effective 1 January 2017 and applicable in relation to the 2017-18 income year and later income years.
Treat a lump sum payment arising from a partial commutation of a *superannuation income stream as a superannuation lump sum for the purposes of this Act (other than Subdivision 295-F ).
S 307-65(2) inserted by No 81 of 2016, s 3 and Sch 8 item 13, effective 1 January 2017 and applicable in relation to the 2017-18 income year and later income years.
S 307-65 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable on and after 1 July 2007.
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