INCOME TAX ASSESSMENT ACT 1997 - SECT 302.70 Superannuation income stream--tax free status of tax free component

INCOME TAX ASSESSMENT ACT 1997 - SECT 302.70

    The * tax free component of 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 if:

  (a)   you are under 60 when you receive the benefit; and

  (b)   the deceased died aged under 60.

Note:   For tax free component , see Subdivision   307 - C.