Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 301.10

                   If you are 60 years or over when you receive a * superannuation benefit, 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:       If your superannuation benefit includes an element untaxed in the fund, see Subdivision 301-C.

Member benefits -- recipient aged over preservation age and under 60