This Division defines concepts used in Divisions   301 to 306, such as superannuation benefit , and the tax free component and taxable component of such benefits. To work out those components, it is often necessary to work out the corresponding components of the superannuation interest from which the benefit is paid (see Subdivision   307 - D).

This Division also defines the element taxed in the fund and the element untaxed in the fund of superannuation benefits, which are relevant to superannuation benefits paid from untaxed funds etc. (see Subdivision   307 - D).

Subdivision   307 - F defines the concessional limits used in Division   301 known as the low rate cap amount and untaxed plan cap amount.