Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 301-40 Superannuation income stream - taxable component is assessable income, 15% offset for disability benefit 301-40(1)
If you are under your *preservation age when you receive a *superannuation income stream benefit, the *taxable component of the benefit is assessable income.
Note:
For taxable component , see Subdivision 307-C .
Offset for disability benefit
301-40(2)
If the benefit is a *superannuation income stream benefit and a *disability superannuation benefit, you are entitled to a *tax offset equal to 15% of the *taxable component of the benefit.
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