Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If you receive a * superannuation lump sum because of the death of a person of whom you are not a * death benefits dependant, the * taxable component of the lump sum is assessable income.
Note: For taxable component , see Subdivision 307 - C.
(2) You are entitled to a * tax offset that ensures that the rate of income tax on the * element taxed in the fund of the lump sum does not exceed 15%.
(3) You are entitled to a * tax offset that ensures that the rate of income tax on the * element untaxed in the fund of the lump sum does not exceed 30%.
Table of sections
302 - 195 Meaning of death benefits dependant
302 - 200 What is an interdependency relationship ?