ATO ID’s – Superannuation: journal entry insufficient to constitute ‘payment’ and death benefits must be “cashed” upon death [23]

The ATO on Fri 30.1.2015, issued the following IDs:

• ATO ID 2015/2: Superannuation: superannuation benefits: Journal entry insufficient to constitute payment of a death benefit; and
• ATO ID 2015/3: Superannuation: death benefits: a member’s benefits must be “cashed” upon death.

[LTN 19, 30/1/15]