Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 301 - Superannuation member benefits paid from complying plans etc.  

Subdivision 301-B - Member benefits: general rules  

Member benefits - recipient aged 60 or above

SECTION 301-10  

301-10   All superannuation benefits are tax free  

If you are 60 years or over when you receive a *superannuation benefit, the benefit is not assessable income and is not *exempt income.

Note 1:

Your superannuation benefit may be a superannuation lump sum or a superannuation income stream benefit: see sections 307-65 and 307-70 .

Note 2:

If your superannuation benefit includes an element untaxed in the fund, see Subdivision 301-C .

Note 3:

If your superannuation benefit is a superannuation income stream benefit that is defined benefit income, see Subdivision 303-A .