Tax Laws Amendment (2007 Measures No. 4) Act 2007 (143 of 2007)
Schedule 5 Superannuation amendments
Part 1 Main amendments
Income Tax (Transitional Provisions) Act 1997
24 After subsection 307-125(6)
Insert:
(6A) Despite subsection (6), if:
(a) at least one superannuation income stream benefit was paid from the superannuation income stream before 1 July 1994; or
(b) section 27AAAA of the Income Tax Assessment Act 1936 (as in force just before 1 July 2007) applied to the superannuation income stream just before 1 July 2007;
for the purposes of paragraph (4)(b), the tax free component is equal to the amount worked out under paragraph (6)(b).
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