Commonwealth Consolidated Acts Commonwealth Consolidated ActsA * superannuation income stream benefit that you receive because of the death of a person of whom you are a * death benefits dependant is not assessable income and is not * exempt income in either or both of the following cases:
(a) you are 60 years or over when you receive the benefit;
(b) the deceased died aged 60 or over.
Note 1: If your superannuation income stream benefit includes an element untaxed in the fund, see section 302 - 85.
Note 2: If your superannuation income stream benefit is defined benefit income, see Subdivision 303 - A.