INCOME TAX ASSESSMENT ACT 1997 - SECT 303.15 Payments from release authorities--general
INCOME TAX ASSESSMENT ACT 1997 - SECT 303.15
Payments from release authorities--generalA * superannuation benefit that you receive (or are taken to receive) is not assessable income and is not * exempt income if it is paid in response to a release authority issued under section 131 - 15 in Schedule 1 to the Taxation Administration Act 1953 in relation to you.
Note: In some cases, a related amount may still be included in your
assessable income (see Subdivision 292 - B and sections 304 - 20
and 313 - 20).