Part 9Pension income
Chapter 7Former approved superannuation funds
Annuities
590Annuities
This section applies to—
a
any annuity paid under a former approved superannuation fund, and
b
any annuity acquired using funds held for the purposes of a former approved superannuation fund.
591Taxable pension income
If section 590 applies, the taxable pension income for a tax year is the full amount of the annuity paid in that year.
592Person liable for tax
If section 590 applies, the person liable for any tax charged under this Part is the person receiving or entitled to the annuity.