Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 302.75

  (1)   The * taxable component of a * superannuation income stream benefit that you receive because of the death of a person of whom you are a * death benefits dependant is assessable income if:

  (a)   you are under 60 when you receive the benefit; and

  (b)   the deceased died aged under 60.

Note:   For taxable component , see Subdivision   307 - C.

  (2)   You are entitled to a * tax offset equal to 15% of the * taxable component of the benefit.