Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 301.15

    If you are under 60 years but have reached your * preservation age when you receive a * superannuation benefit, the * tax free component of the benefit is not assessable income and is not * exempt income.

Note 1:   Your superannuation benefit may be a superannuation lump sum or a superannuation income stream benefit: see sections   307 - 65 and 307 - 70).

Note 2:   For tax free component , see Subdivision   307 - C.