Document ID: chunk:federal_register_of_legislation:C2025C00029:section:9:p4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 9 (pt 4/7)
Character Range: 4776745–4779792

6 of the Superannuation Industry (Supervision) Regulations 1994);
 (ii) a non‑commutable allocated annuity (within the meaning of those regulations);
 (iii) a non‑commutable allocated pension (within the meaning of those regulations);
 (iv) a transition to retirement pension (within the meaning of Part 4 of the Retirement Savings Accounts Regulations 1997);
 (v) a non‑commutable allocated pension (within the meaning of those regulations); and
 (aa) the person to whom the benefit is payable is not a reversionary beneficiary; and
 (b) at or before that time, the person to whom the benefit is payable:
 (i) has not satisfied a condition of release specified in paragraph (2)(c); or
 (ii) has satisfied a condition of release specified in subparagraph (2)(c)(i), (ii) or (iii), but has not notified the *superannuation income stream provider for the superannuation income stream of that fact.
 (4) A *superannuation income stream is also not in the retirement phase in an income year if:
 (a) the superannuation income stream is specified in a commutation authority issued by the Commissioner under Subdivision 136‑B in Schedule 1 to the Taxation Administration Act 1953 to a *superannuation income stream provider; and
 (b) the superannuation income stream provider is required by section 136‑80 in that Schedule to pay a *superannuation lump sum but fails to do so within the 60‑day period mentioned in that section; and
 (c) the income year is the income year in which the 60‑day period ended, or a later income year.
Note: The operation of this subsection in relation to the part of the income year before the end of the 60‑day period is modified for the purposes of the transfer balance cap: see section 294‑50.

Subdivision 307‑C—Components of a superannuation benefit

Table of sections
307‑120 Components of superannuation benefit
307‑125 Proportioning rule
307‑130 Superannuation guarantee payment consists entirely of taxable component
307‑133 PPL superannuation contribution payment
307‑135 Superannuation co‑contribution benefit payment consists entirely of tax free component
307‑140 Contributions‑splitting superannuation benefit consists entirely of taxable component
307‑142 Components of certain unclaimed money payments
307‑143 Components of a superannuation benefit that is a repayment when an entitlement to a credit ceases for a release authority relating to an FHSS determination
307‑145 Modification for disability benefits
307‑150 Modification in respect of superannuation lump sum with element untaxed in fund

307‑120  Components of superannuation benefit
 (1) Work out the following components of a *superannuation benefit under this Subdivision:
 (a) the tax free component;
 (b) the taxable component.
 (2) Work out those components under:
 (a) if the benefit is not mentioned in paragraph (b), (c), (d), (e) or (f)—section 307‑125; or
 (b) if the benefit is a *superannuation guarantee payment—section 307‑130; or
 (c) if the benefit is a *superannuation co‑contribution benefit payment—section 307‑135; or
 (d) if