Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-30
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SUPERANNUATION
Division 296
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Better targeted superannuation concessions
Subdivision 296-B
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Better targeted superannuation concessions
Guide to Subdivision 296-B
SECTION 296-10 What this Subdivision is about
View history note
Hide history noteSECTION 296-10 What this Subdivision is about
Subject to certain exceptions, a tax is payable on a proportion of your earnings in relation to superannuation interests if your total superannuation balance just before the start of the year or at the end of the year exceeds the large superannuation balance threshold for the year. A higher amount of tax is payable to the extent that the total superannuation balance exceeds the very large superannuation balance threshold for the year.
| Liability for tax | |
| 296-15 | Liability for tax |
| 296-20 | Exception - child recipients of superannuation income streams |
| 296-25 | Exception - structured settlement contributions |
| Large superannuation balance threshold and very large superannuation balance threshold | |
| 296-30 | Large superannuation balance threshold |
| 296-35 | Very large superannuation balance threshold |
| Taxable superannuation earnings and related concepts | |
| 296-40 | Your taxable superannuation earnings |
| 296-45 | Your very large superannuation balance earnings component |
| 296-50 | Total superannuation balance taken to be nil after death |
| 296-55 | Your total superannuation earnings |
| 296-60 | Division 296 fund earnings |
| 296-65 | Your relevant superannuation earnings for a superannuation interest - general rule |
| 296-70 | Your relevant superannuation earnings for a superannuation interest - certain defined benefit and other interests |
| 296-75 | Modifications |
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