Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p1
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 1/12)
Character Range: 4791858–4794833

4                   an amount paid to the Commissioner under section 24E of the Superannuation (Unclaimed Money and Lost Members) Act 1999 in respect of the person                                                                                                                     a *superannuation benefit paid from a *superannuation plan                                                                                            the *tax free component of that superannuation benefit

Note 1: Section 65AA of the Superannuation Guarantee (Administration) Act 1992 requires certain shortfall components to be treated as amounts paid to the Commissioner under subsection 20F(1) of the Superannuation (Unclaimed Money and Lost Members) Act 1999.
 The effect of excluding such shortfall components from item 3 of the table in this subsection is that the taxable component includes so much of the superannuation benefit as is attributable to such a shortfall component.
Note 2: The table in this subsection does not cover interest paid by the Commissioner under subsection 20H(2A) of the Superannuation (Unclaimed Money and Lost Members) Act 1999.
 The effect of this is that the taxable component includes so much of the superannuation benefit as is attributable to such interest.
 (3A) Treat the amount set out in column 3 of an item of the table in subsection (3) as being nil, if:
 (a) the unclaimed amount set out in column 1 of the item is an amount paid to the Commissioner by a State or Territory authority (within the meaning of the Superannuation (Unclaimed Money and Lost Members) Act 1999) in the circumstances mentioned in section 18AA, 20JA, 20QH or 24HA of that Act; and
 (b) the Commissioner does not have sufficient information to work out the amount set out in column 3 of the item.
 (3B) The *tax free component is the amount of the benefit, if the *superannuation benefit is paid under subsection 17(2AB) or (2AC), 20H(2AA), 20QF(5) or (6), 21E(5) or (6), 22B(5) or (6), 24G(3A) or (3B) or 24NA(4) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 (interest).
 (3C) Despite subsection (3B), the *tax free component is nil, if the *superannuation benefit is paid under subsection 20H(2AA) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 (interest) in respect of a person who:
 (a) is a former temporary resident (within the meaning of that Act) when the payment is made; or
 (b) if the person died before the payment is made—was a former temporary resident just before dying.

Taxable component
 (4) The *taxable component is so much (if any) of the *superannuation benefit as is not the *tax free component.

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

Preliminary
 (1) This section explains how to work out the *tax free component, and the *taxable component, of your *superannuation benefit that:
 (a)