Document ID: chunk:federal_register_of_legislation:C2020C00139:clause:13_1
Version: federal_register_of_legislation:C2020C00139
Segment Type: clause
Provision Reference: sch 13 cl 1
Character Range: 102526–103226

1  At the end of Division 303
Add:

303‑15  Superannuation lump sum member benefit paid to member on compassionate ground relating to the coronavirus
  A superannuation member benefit that is a superannuation lump sum is not assessable income and is not exempt income if:
 (a) it is paid from a complying superannuation plan; and
 (b) it is paid because you satisfy:
 (i) a condition of release specified in item 107A or 207AA of the table in Schedule 1 to the Superannuation Industry (Supervision) Regulations 1994; or
 (ii) a condition of release specified in item 109AA of the table in Schedule 2 to the Retirement Savings Accounts Regulations 1997.

Retirement Savings Accounts Regulations 1997