Income Tax Assessment Act 1997
View history note
Hide history noteDespite anything else in this Division (apart from Subdivision 301-D ), a *superannuation member benefit that you receive is not assessable income and is not *exempt income if: (a) the benefit is a *superannuation lump sum; and (b) the amount of the benefit is less than $200; and (c) the *value of the *superannuation interest from which the benefit is paid is nil just after the benefit is paid; and (d) the requirements (if any) specified in the regulations in relation to the benefit are satisfied.
301-225(2)
Despite anything else in this Division (apart from Subdivision 301-D ), a *superannuation member benefit that you receive is not assessable income and is not *exempt income if: (a) the benefit is a *superannuation lump sum; and (b) the benefit is paid to you:
(i) under subsection 20QF(2) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 in a case covered by paragraph (d) of that subsection; or
(ia) under subsection 21E(2) of that Act in a case covered by paragraph (d) of that subsection; or
(ib) under subsection 22B(2) of that Act in a case covered by paragraph (d) of that subsection; or
(c) the amount of the benefit is less than $200.
(ii) under subsection 24G(2) of that Act in a case covered by paragraph (d) of that subsection; and
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