Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Despite anything else in this Division (apart from Subdivision 301-D), a * superannuation member benefit that you receive is not assessable income and is not * exempt income if:
(a) the benefit is a * superannuation lump sum; and
(b) the amount of the benefit is less than $200; and
(c) the * value of the * superannuation interest from which the benefit is paid is nil just after the benefit is paid; and
(d) the requirements (if any) specified in the regulations in relation to the benefit are satisfied.
(2) Despite anything else in this Division (apart from Subdivision 301-D), a * superannuation member benefit that you receive is not assessable income and is not * exempt income if:
(a) the benefit is a * superannuation lump sum; and
(b) the benefit is paid to you under subsection 24G(2) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 in a case covered by paragraph (d) of that subsection; and
(c) the amount of the benefit is less than $200.
Table of Subdivisions
Guide to Division 302
302-A Application
302-B Death benefits to dependant
302-C Death benefits to non-dependant
302-D Definitions relating to dependants
Guide to Division 302