Document ID: chunk:federal_register_of_legislation:C2006C00162:clause:1_8
Version: federal_register_of_legislation:C2006C00162
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 6380–7326

8  At the end of Division 51
Add:

51‑65  Government co‑contribution towards low income earner's superannuation

  The following are exempt from income tax:
 (a) a Government co‑contribution in respect of you under the Superannuation (Government Co‑contribution for Low Income Earners) Act 2003 that is paid to you, or to your legal personal representative;
 (b) a payment to you, or to your legal personal representative, of the balance of an account under the Small Superannuation Accounts Act 1995 to the extent to which the balance represents a Government co‑contribution or co‑contributions in respect of you under the Superannuation (Government Co‑contribution for Low Income Earners) Act 2003.

Note: A Government co‑contribution in respect of you paid to another person (such as the trustee of a complying superannuation fund) would not be income of yours according to ordinary concepts.

Military Superannuation and Benefits Act 1991