Income Tax (Transitional Provisions) Act 1997

This section applies to a superannuation member benefit that you receive during the 2007‑08 financial year and that:

is a superannuation lump sum; and

is:

paid from a complying superannuation plan; or

a superannuation guarantee payment, a small superannuation account payment, an unclaimed money payment, a superannuation co‑contribution benefit payment or a superannuation annuity payment.

The lump sum is not assessable income and is not exempt income if a terminal medical condition exists in relation to you at a time in the period:

starting when you receive the lump sum; and

ending at the later of:

90 days after you receive it; and

30 June 2008.