Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 303.15

    A superannuation member benefit that is a superannuation lump sum is not assessable income and is not exempt income if:

  (a)   it is paid from a complying superannuation plan; and

  (b)   it is paid because you satisfy:

  (i)   a condition of release specified in item   107A or 207AA of the table in Schedule   1 to the Superannuation Industry (Supervision) Regulations   1994 ; or

  (ii)   a condition of release specified in item   109AA of the table in Schedule   2 to the Retirement Savings Accounts Regulations   1997 .

Table of sections

304 - 15   Excess payments from release authorities