Note: For an explanation of the acronyms used, see section 29535. Amounts excluded from assessable income Item This entity: Does not include this in assessable income: 1 CSF A bonus on a insurance policy (except a *life reversionary bonus) CADF PST 2 PST Amount attributable to amounts received from a protected fund *constitutionally 3 A bonus on a insurance policy that is an *RSA *life *RSA provider (except a reversionary bonus) Subdivision 295F—Exempt income Table of sections 295385 Income from assets set aside to meet current pension liabilities 295390 Income from other assets used to meet current pension liabilities 295395 Meaning of segregated noncurrent assets 295400 Income of a PST attributable to current pension liabilities 295405 Other exempt income 295410 Amount credited to RSA 295385 Income from assets set to meet current pension liabilities (1) The income and income of a *ordinary *statutory *complying superannuation fund for an income year is exempt from income tax to the extent that: (a) it would otherwise be assessable income; and (b) it is from current pension assets. *segregated Exception (2) Subsection (1) does not to: (a) length income; or *nonarm’s
Note: For an explanation of the acronyms used, see section 29535. Amounts excluded from assessable income Item This entity: Does not include this in assessable income: 1 CSF CADF PST A bonus on a *life insurance policy (except a reversionary bonus) 2 PST Amount attributable to amounts received from a *constitutionally protected fund 3 *RSA provider A bonus on a *life insurance policy that is an *RSA (except a reversionary bonus) Subdivision 295F—Exempt income Table of sections 295385 Income from assets set aside to meet current pension liabilities 295390 Income from other assets used to meet current pension liabilities 295395 Meaning of segregated noncurrent assets 295400 Income of a PST attributable to current pension liabilities 295405 Other exempt income 295410 Amount credited to RSA 295385 Income from assets set to meet current pension liabilities (1) The *ordinary income and *statutory income of a *complying superannuation fund for an income year is exempt from income tax to the extent that: (a) it would otherwise be assessable income; and (b) it is from *segregated current pension assets. Exception (2) Subsection (1) does not to: (a) *nonarm’s length income; or
Income_Tax_Assessment_Act_1997_Super_Extract-1.docx