INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 295 - Taxation of superannuation entities  

Subdivision 295-E - Other income amounts  

Amounts included

SECTION 295-320   295-320   Other amounts included in assessable income  


The assessable income of an entity includes the amounts as set out in this table.


Amounts included in assessable income
Item Assessable income of this entity: Includes: For the income year:
1 PST Amount transferred to it by a CSF or CADF under section 295-260 Of the PST that includes the last day of the transferor's income year to which the agreement relates
2 N-CSF that was a CSF for the previous income year *Ordinary income and *statutory income from previous years worked out under section 295-325 Following the income year in which it was a CSF
3 CSF; or
N-CSF that is an *Australian superannuation fund for the income year and that was a *foreign superannuation fund for the previous income year
*Ordinary income and *statutory income from previous years worked out under section 295-330 Following the income year in which it was a foreign superannuation fund
4 CSF The part of a rebate or refund of an insurance premium that is attributable to an amount deducted under an item of the table in subsection 295-465(1) In which the rebate or refund is received
5 *RSA provider The part of a rebate or refund of an insurance premium that is attributable to an amount deducted under section 295-475 In which the rebate or refund is received


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