If you are 60 years or over when you receive a * superannuation benefit, the benefit is not assessable income and is not * exempt income.
Note 1: Your superannuation benefit may be a superannuation lump sum or a superannuation income stream benefit: see sections 307- 65 and 307-70.
Note 2: If your superannuation benefit includes an element untaxed in the fund, see Subdivision 301-C.
Note 3: If your superannuation benefit is a superannuation income stream benefit that is defined benefit income, see Subdivision 303-A.
Member benefits -- recipient aged over preservation age and under 60