Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 306.20

Effect of payment to government of unclaimed superannuation money

                   An * unclaimed money payment that you are taken to receive under section 307-15 because it is paid in accordance with the Superannuation (Unclaimed Money and Lost Members) Act 1999 , or because it is paid as mentioned in subsection 18(4) of that Act, to the Commissioner or a State or Territory authority (within the meaning of that Act) is not assessable income and is not * exempt income.



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