INCOME TAX ASSESSMENT ACT 1997 - SECT 302.65 Superannuation income stream benefits are tax free

INCOME TAX ASSESSMENT ACT 1997 - SECT 302.65

    A * 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.