(1) This section applies to a superannuation member benefit that you receive during the 2007-08 financial year and that:
(a) is a superannuation lump sum; and
(i) paid from a complying superannuation plan; or
(ii) a superannuation guarantee payment, a small superannuation account payment, an unclaimed money payment, a superannuation co-contribution benefit payment or a superannuation annuity payment.
(2) The lump sum is not assessable income and is not exempt income if a terminal medical condition exists in relation to you at a time in the period:
(a) starting when you receive the lump sum; and
(b) ending at the later of:
(i) 90 days after you receive it; and
(ii) 30 June 2008.
Table of sections
304-15 Excess payments from release authorities