10(25)(III)

This discussion clarifies trustee liability for income tax on approved superannuation funds, specifically referencing Section 10(25)(III). While amounts received from a superannuation fund are generally exempt under this section, trustees must still comply with income tax provisions. Crucially, no deductions are permitted under Section 10, except for those outlined in Section 10(1) and 10(23C), meaning all receipts form part of the gross income subject to tax.