EmailPrint Back to browse View surrounding sectionsView surrounding sections Previous section | Next section Income Tax Assessment Act 1936 FORMER PART IX - TAXATION OF SUPERANNUATION BUSINESS AND RELATED BUSINESS View history note Hide history note History Part IX repealed by No 15 of 2007, s 3 and Sch 1 item 8, applicable to the 2007-2008 income year and later years. Former Part IX inserted by No 97 of 1989 and amended by No 105 of 1989. Former Division 7A - RSA providers View history note Hide history note History Div 7A repealed by No 15 of 2007, s 3 and Sch 1 item 8, applicable to the 2007-08 income year and later years. Div 7A inserted by No 62 of 1997. FORMER SECTION 299C 299C CALCULATION OF RSA AMOUNT (Repealed by No 15 of 2007) View history note Hide history note History S 299C repealed by No 15 of 2007, s 3 and Sch 1 item 8, applicable to the 2007-08 income year and later years. S 299C formerly read: SECTION 299C CALCULATION OF RSA AMOUNT 299C(1) [Method of calculation set out] This section sets out how to calculate the RSA amount of an RSA provider's taxable income. 299C(2) [Components of RSA amount] The RSA amount is the sum of: (a) all taxable contributions made; and (b) other amounts (other than contributions) credited; during the year of income, to RSAs provided by the RSA provider, reduced by any amounts paid from the RSA other than benefits paid to, or in respect of, the holder of the RSA. 299C(3) [Nature of tax paid] In calculating the RSA amount, any amount of tax paid in respect of an RSA is taken not to have been an amount paid from the RSA. 299C(4) [Amounts for part years] In calculating the sum, the amounts set out in subsections (5) and (6) are taken not to have been credited. 299C(5) [Amounts where pension paid] Amounts credited to an RSA where a pension was paid from the RSA in respect of so much of the year of income as the RSA existed. 299C(6) [Where pension paid for part year] Where a pension was being paid from an RSA, in respect of a part, but not the whole, of so much of the year of income as the RSA existed, amounts worked out using the following formula: Amount credited to RSA × No. of days in part of year in respect of which pension was paid No. of days in year on which RSA existed S 299C inserted by No 62 of 1997. View surrounding sectionsView surrounding sectionsBack to top This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.