Commonwealth Consolidated Regulations

INCOME TAX ASSESSMENT REGULATIONS 1997 - REG 301.225.01

         (1)   For paragraph 301-225 (d) of the Act, this regulation sets out requirements in relation to a superannuation member benefit.

Note    The effect of section 301-225 of the Act is that a superannuation member benefit is not assessable income and is not exempt income in specified circumstances. One of the circumstances is that the requirements (if any) specified in the Regulations in relation to the benefit are satisfied.

         (2)   A requirement is that the member's benefit must be released under:

                (a)    item 104 or 111 of Part 1 of Schedule 1 to the SIS Regulations; or

               (b)    item 211 of Part 2 of Schedule 1 to the SIS Regulations; or

                (c)    item 111 of Schedule 2 to the RSA Regulations.