Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

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History

Part 3-30 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.

Division 301 - Superannuation member benefits paid from complying plans etc.  

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Div 301 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable on and after 1 July 2007.

Subdivision 301-C - Member benefits: elements untaxed in fund  

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Subdiv 301-C inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable on and after 1 July 2007.

SECTION 301-90  

301-90   Tax free component and element taxed in fund dealt with under Subdivision 301-B, but element untaxed in the fund dealt with under this Subdivision  

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If you receive a *superannuation benefit that includes an *element untaxed in the fund:

(a) the *tax free component (if any) of the benefit is treated in the same way as the tax free component of a superannuation benefit under Subdivision 301-B ; and

(b) the *element taxed in the fund (if any) included in the benefit is treated in the same way as the taxable component of a superannuation benefit under Subdivision 301-B ; and

(c) the element untaxed in the fund is treated in accordance with this Subdivision.

Note:

If your superannuation benefit is a superannuation income stream benefit that is defined benefit income, see Subdivision 303-A .

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S 301-90 amended by No 81 of 2016, s 3 and Sch 1 item 27, by inserting the note, effective 1 January 2017 and applicable in relation to the financial year starting on 1 July 2017 and later financial years.

S 301-90 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable on and after 1 July 2007.

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