Document ID: chunk:federal_register_of_legislation:C2007A00009:clause:1_5:p23
Version: federal_register_of_legislation:C2007A00009
Segment Type: clause
Provision Reference: sch 1 cl 5 (pt 23/23)
Character Range: 193708–195774

Table of Subdivisions

 Guide to Division 307
307‑A Superannuation benefits generally
307‑B Superannuation lump sums and superannuation income stream benefits
307‑C Components of a superannuation benefit
307‑D Superannuation interests
307‑E Elements taxed and untaxed in the fund of the taxable component of superannuation benefit
307‑F Low rate cap and untaxed plan cap amounts
307‑G Other concepts

Guide to Division 307

307‑1  What this Division is about

      This Division defines concepts used in Divisions 301 to 306, such as superannuation benefit, and the tax free component and taxable component of such benefits. To work out those components, it is often necessary to work out the corresponding components of the superannuation interest from which the benefit is paid (see Subdivision 307‑D).
      This Division also defines the element taxed in the fund and the element untaxed in the fund of superannuation benefits, which are relevant to superannuation benefits paid from untaxed funds etc. (see Subdivision 307‑D).
      Subdivision 307‑F defines the concessional limits used in Division 301 known as the low rate cap amount and untaxed plan cap amount.

Subdivision 307‑A—Superannuation benefits generally

Table of sections

307‑5 What is a superannuation benefit?
307‑10 Payments that are not superannuation benefits
307‑15 Payments for your benefit or at your direction or request

307‑5  What is a superannuation benefit?

 (1) A superannuation benefit is a payment described in the table.

Types of superannuation benefits
Item                              Column 1                                        Column 2                                                                                                                                                     Column 3
                                  Superannuation benefit type                     Superannuation member benefit                                                                                                                                Superannuation death benefit