Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-30
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SUPERANNUATION
You can deduct a contribution you make to a *superannuation fund, or an *RSA, for the purpose of providing *superannuation benefits for another person who is your employee when the contribution is made (regardless whether the benefits are payable to a *SIS dependant of the employee if the employee dies before or after becoming entitled to receive the benefits).
However, the conditions in sections 290-70 , 290-75 and 290-80 must also be satisfied for you to deduct the contribution. 290-60(3)
You can deduct the contribution only for the income year in which you made the contribution. 290-60(4)
You cannot deduct the contribution if it is an amount paid by you, as mentioned in regulations under the Family Law Act 1975 , to a *regulated superannuation fund, or to an *RSA, to be held for the benefit of your *non-member spouse in satisfaction of his or her entitlement in respect of the *superannuation interest concerned.
Division 290
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Contributions to superannuation funds
Subdivision 290-B
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Deduction of employer contributions and other employment-connected contributions
Deducting employer contributions
SECTION 290-60
Employer contributions deductible
290-60(1)
You can deduct a contribution you make to a *superannuation fund, or an *RSA, for the purpose of providing *superannuation benefits for another person who is your employee when the contribution is made (regardless whether the benefits are payable to a *SIS dependant of the employee if the employee dies before or after becoming entitled to receive the benefits).
Note:
Other provisions of this Act and the Income Tax Assessment Act 1936 may reduce, increase or deny the deduction in certain circumstances. For example, see sections 85-25 and 86-75 of this Act.
290-60(2)
However, the conditions in sections 290-70 , 290-75 and 290-80 must also be satisfied for you to deduct the contribution. 290-60(3)
You can deduct the contribution only for the income year in which you made the contribution. 290-60(4)
You cannot deduct the contribution if it is an amount paid by you, as mentioned in regulations under the Family Law Act 1975 , to a *regulated superannuation fund, or to an *RSA, to be held for the benefit of your *non-member spouse in satisfaction of his or her entitlement in respect of the *superannuation interest concerned.
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