Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 301.15

Tax free status of tax free component

                   If you are under 60 years but have reached your * preservation age when you receive a * superannuation benefit, the * tax free component of the benefit is not assessable income and is not * exempt income.

Note 1:       Your superannuation benefit may be a superannuation lump sum or a superannuation income stream benefit: see sections 307- 65 and 307-70).

Note 2:       For tax free component , see Subdivision 307-C.



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