Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 307 - Key concepts relating to superannuation benefits  

Subdivision 307-D - Superannuation interests  

SECTION 307-210   Tax free component of superannuation interest  

307-210(1)    
The tax free component of a *superannuation interest is so much of the *value of the interest as consists of:

(a) the *contributions segment of the interest; and

(b) the *crystallised segment of the interest.

Tax free component reduces if a benefit is paid

307-210(2)    

If a *superannuation benefit is paid from the *superannuation interest:

(a) the *crystallised segment of the interest is reduced (but not below zero) by an amount equal to the *tax free component of the benefit; and

(b) if any of that amount remains, the *contributions segment of the interest is reduced (but not below zero) by that remaining amount.

Note:

This has the effect of reducing the interest ' s tax free component by the amount of the benefit ' s tax free component.