Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 303 - Superannuation benefits paid in special circumstances  

Subdivision 303-B - Other special circumstances  

SECTION 303-20  

303-20   Payments from release authorities - paying debt account discharge liability for a superannuation interest  

A * superannuation benefit that you receive (or are taken to receive), paid in relation to a release authority issued to you in respect of a * release entitlement you have, is not assessable income and is not * exempt income.

Note:

However, payments that exceed the release entitlement are assessable: see section 304-20 .