Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 301.100

Superannuation income stream--element untaxed in fund attracts 10% offset

  (1)   If you are 60 years or over when you receive a * superannuation income stream benefit, the * element untaxed in the fund of the benefit is assessable income.

  (2)   You are entitled to a * tax offset equal to 10% of the * element untaxed in the fund of the benefit.

Note:   If your superannuation income stream benefit is defined benefit income, see Subdivision   303 - A.


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