Income Tax Assessment Act 1997
View history note
Hide history noteIf:
(a) you receive a *superannuation benefit from a *public sector superannuation scheme; and
(b) the trustee of the scheme gives you written notice specifying an amount as the *element untaxed in the fund of the *taxable component of the benefit; and
(c) the notice is given within the time and in the manner approved by the Commissioner in writing; and
(d) the scheme came into operation on or before 5 September 2006;
the taxable component consists of an element untaxed in the fund equal to the specified amount.
307-285(2)
The trustee of the scheme can give only one notice under subsection (1) in relation to a particular *superannuation lump sum.
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