Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 302.80

Treatment of element untaxed in the fund of superannuation income stream death benefit to dependant

                   If a * superannuation income stream benefit that you receive because of the death of a person of whom you are a * death benefits dependant includes an * element untaxed in the fund:

                     (a)  the * tax free component (if any) of the benefit is treated in the same way as the tax free component of a superannuation income stream benefit under section 302- 65 or 302-70; and

                     (b)  the * element taxed in the fund (if any) of the benefit is treated in the same way as the * taxable component of a superannuation income stream benefit under section 302- 65 or 302-75; and

                     (c)  the element untaxed in the fund is treated in accordance with section 302- 85 or 302-90.

Note:          If your superannuation income stream benefit is defined benefit income, see Subdivision 303-A.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback