Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 302.90

Deceased died aged under 60 and dependant aged under 60--superannuation income stream: element untaxed in fund is assessable income

                   The * element untaxed in the fund of a * superannuation income stream benefit that you receive because of the death of a person of whom you are a * death benefits dependant is assessable income if:

                     (a)  you are aged under 60 when you receive the benefit; and

                     (b)  the deceased died aged under 60.

Table of sections

Superannuation lump sum

302-140    Superannuation lump sum--tax free status of tax free component

302-145    Superannuation lump sum--element taxed in the fund taxed at 15%, element untaxed in the fund taxed at 30%

Superannuation lump sum



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