(1) Despite anything else in this Division, if you receive a * superannuation benefit that is a * departing Australia superannuation payment, the benefit is not assessable income and is not * exempt income.
(2) However, you are liable to pay income tax on that payment at the rate declared by the Parliament in respect of * departing Australia superannuation payments.
Note 1: The tax is imposed in the Superannuation (Departing Australia Superannuation Payments Tax) Act 2007 and the amount of the tax is set out in that Act.
Note 2: See the Taxation Administration Act 1953 for provisions dealing with the payment of the tax.
Table of sections
301-225 Superannuation lump sum member benefits less than $200 are tax free