INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 290 - Contributions to superannuation funds  

Subdivision 290-B - Deduction of employer contributions and other employment-connected contributions  

Returned contributions

SECTION 290-100   Returned contributions assessable  

290-100(1)  
Your assessable income includes a payment, or the value of a benefit, you receive in the income year so far as it reasonably represents the direct or indirect return of:


(a) a contribution for which you or another entity have deducted or can deduct an amount for any income year; or


(b) earnings on a contribution of that kind.

290-100(2)  
Subsection (1) does not apply if you receive the payment, or the value of the benefit, as a *superannuation benefit.


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