Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 306.5

Effect of a roll - over superannuation benefit

    A * roll - over superannuation benefit that you are taken to receive under section   307 - 15 is not assessable income and is not * exempt income.

Note:   Roll - over superannuation benefits are paid into a complying superannuation plan or are used to purchase a superannuation annuity on your behalf. However, you are taken to receive the benefit under subsection   307 - 15(1).


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