Document ID: chunk:federal_register_of_legislation:C2025C00029:section:6:p31
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 6 (pt 31/33)
Character Range: 4754569–4757215

the superannuation plan from which the benefit is paid, just before you are taken to receive the benefit.
Note: To work out your untaxed plan cap amount in relation to an unclaimed money payment from the Commissioner, see subsection 307‑350(2B).
 (1A) However, this section does not apply to a *roll‑over superannuation benefit that is transferred from one *superannuation interest in a *superannuation plan to another superannuation interest in the same plan.
Note 1: A superannuation benefit may be paid from one superannuation plan of a superannuation provider to another superannuation plan of the same provider. Such a benefit may be a roll‑over superannuation benefit: see section 306‑10.
Note 2: For the treatment of amounts transferred within the same superannuation plan, see subsection 307‑5(8).
 (2) The excess untaxed roll‑over amount is the amount of the excess mentioned in paragraph (1)(d).
 (3) You are liable to pay income tax on the *excess untaxed roll‑over amount at the rate declared by the Parliament in respect of such amounts.
Note 1: The tax is imposed in the Superannuation (Excess Untaxed Roll‑over Amounts Tax) Act 2007, and the amount of tax is set out in that Act.
Note 2: See the Taxation Administration Act 1953 for provisions dealing with the payment of the tax.

306‑20  Effect of payment to government of unclaimed superannuation money
  An *unclaimed money payment that you are taken to receive under section 307‑15 because it is paid in accordance with the Superannuation (Unclaimed Money and Lost Members) Act 1999, or because it is paid as mentioned in subsection 18(4) of that Act, to the Commissioner or a State or Territory authority (within the meaning of that Act) is not assessable income and is not *exempt income.

306‑25  Payments connected with financial claims scheme to RSAs
 (1) This section applies if:
 (a) a person is the holder of an *RSA (the old RSA) of which an *ADI is the *RSA provider; and
 (b) an entitlement of the person arises under Division 2AA (Financial claims scheme for account‑holders with insolvent ADIs) of Part II of the Banking Act 1959 in connection with the old RSA; and
 (c) either:
 (i) the entitlement, so far as it relates to the old RSA, is met wholly or partly by the making of a payment to another RSA (the new RSA) that the person is the holder of (whether or not the new RSA was established under section 16AH of the Banking Act 1959); or
 (ii) a liquidator of the ADI pays a distribution from the liquidation of the ADI, so far as the distribution is attributable to the old RSA, to another RSA (also the new RSA) that the person is the holder of (whether or