Commonwealth Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
INCOME TAX ASSESSMENT ACT 1997 - SECT 303.20
Payments from release authorities--paying debt account discharge liability for a superannuation interest
A * superannuation benefit that you receive (or are taken to
receive), paid in relation to a release authority issued to you in respect of
a * release entitlement you have, is not assessable income and is not * exempt
income.
Note: However, payments that exceed the release entitlement are
assessable: see section 304 - 20.
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback