24 (Superannuation)[1]

Taxable component is exempt provided paid to a member

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Taxable component is exempt provided paid to a  member who is at least 60 Different rules apply where member is under 60 and  depend on whether: The member has reached their preservation age The benefit is a lump sum or income stream Special rules apply to death benefits Basic benefit taxation rules  Basic benefit taxation rules  (element taxed in the fund) (element taxed in the fund) © CCH Australia Limited
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Foundations of Taxation Law [¶24.12] © CCH Australia Limited Marriage breakdown Marriage breakdown Part VIIIB of  Family Law Act   1975 : Treats superannuation interests as property for the  purposes of matrimonial causes Allows for the “splitting” and “flagging” of such  interests Lump sums and income streams resulting from a  payment split are taxed in accordance with the  general benefit taxation rules 
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