Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 301.90

Tax free component and element taxed in fund dealt with under Subdivision 301 - B, but element untaxed in the fund dealt with under this Subdivision

    If you receive a * superannuation benefit that includes an * element untaxed in the fund:

  (a)   the * tax free component (if any) of the benefit is treated in the same way as the tax free component of a superannuation benefit under Subdivision   301 - B; and

  (b)   the * element taxed in the fund (if any) included in the benefit is treated in the same way as the taxable component of a superannuation benefit under Subdivision   301 - B; and

  (c)   the element untaxed in the fund is treated in accordance with this Subdivision.

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


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