Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 303.15

Payments from release authorities--general

    A * superannuation benefit that you receive (or are taken to receive) is not assessable income and is not * exempt income if it is paid in response to a release authority issued under section   131 - 15 in Schedule   1 to the Taxation Administration Act 1953 in relation to you.

Note:   In some cases, a related amount may still be included in your assessable income (see Subdivision   292 - B and sections   304 - 20 and 313 - 20).



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