Is the following statement true or false?
Concessional contributions do not include employer contributions made under a salary sacrifice arrangement.
Which one of the following statements is incorrect?
a. The cap is $100,000 per eligible person per year for 2007-08 and 2008-09.
b. The cap applies to people who are 55 years old or older on the last day of the financial year.
c. The transitional concessional contributions cap will not be indexed.
d. From 2012-13 (ending 30 June 2013) onwards everyone will be subject to the same concessional contributions cap.
Choose the correct response.
In the case of an allocation from a reserve, that does not come under SISR Division 7.2, which of the following conditions must be satisfied to exclude the amount from the concessional contributions cap:
a. The allocation must be made to all members of the fund or a class of members the reserve relates to.
b. The allocation must be made on a fair and reasonable basis.
c. The amount allocated must be less than 5% of the value of the member's interest in the super plan at the time the allocation is made.
d. All of the above.