s 303-15
In forceSuperannuation lump sum member benefit paid to member on compassionate ground relating to the coronavirus
Chapter 3Specialist liability rules
Part 3-30Superannuation
Division 303Superannuation benefits paid in special circumstances
303-15 Superannuation lump sum member benefit paid to member on compassionate ground relating to the coronavirus
A superannuation member benefit that is a superannuation lump sum is not assessable income and is not exempt income if:
(a)
it is paid from a complying superannuation plan; and
(b)
it is paid because you satisfy:
(i)
a condition of release specified in item 107A or 207AA of the table in Schedule 1 to the Superannuation Industry (Supervision) Regulations 1994; or
(ii)
a condition of release specified in item 109AA of the table in Schedule 2 to the Retirement Savings Accounts Regulations 1997.
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