Tax Laws Amendment (Simplified Superannuation) Act 2007 (9 of 2007)

Schedule 10   Definitions and related amendments

Income Tax Assessment Act 1997

88   Subsection 995-1(1)

Insert:

tax free component :

(a) the tax free component of an *employment termination payment has the meaning given by section 82-140; and

(b) the tax free component of a *superannuation benefit has the meaning given by section 307-120; and

(c) the tax free component of a *superannuation interest has the meaning given by section 307-210.