Income Tax Assessment Act 1997
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307-143(1)
This section explains how to work out the *tax free component, and the *taxable component, of your *superannuation benefit that: (a) is a repayment by the Commissioner under subsection 131-80(1) in Schedule 1 to the Taxation Administration Act 1953 of an amount (the released amount ) paid to the Commissioner in relation to you; or (b) is a payment by the Commissioner under subsection 131-80(3) in Schedule 1 to the Taxation Administration Act 1953 of an equivalent amount to an amount (the released amount ) paid to the Commissioner in relation to you.
Tax free component
307-143(2)
The *tax free component of your *superannuation benefit is equal to the total amount that the released amount reduced the tax free components of your *superannuation interests.
Taxable component
307-143(3)
The *taxable component of your *superannuation benefit is equal to the total amount that the released amount reduced the taxable components of your *superannuation interests.
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