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INCOME TAX ASSESSMENT ACT 1997 - SECT 307.120

Components of superannuation benefit

             (1)  Work out the following components of a * superannuation benefit under this Subdivision:

                     (a)  the tax free component ;

                     (b)  the taxable component .

             (2)  Work out those components under:

                     (a)  if the benefit is not mentioned in paragraph (b), (c), (d) or (e)--section 307-125; or

                     (b)  if the benefit is a * superannuation guarantee payment--section 307-130; or

                     (c)  if the benefit is a * superannuation co-contribution benefit payment--section 307-135; or

                     (d)  if the benefit is a * contributions-splitting superannuation benefit--section 307-140; or

                     (e)  if the benefit is a payment under subsection 17(2), (2AB) or (2AC), 20H(2), (2AA), (2A) or (3), 20QF(2), (5) or (6) or 24G(2), (3A) or (3B) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 --section 307-142.

             (3)  Those components may be modified under sections 307-145 (which deals with certain disability benefits) and 307-150 (which deals with certain * elements untaxed in fund).



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