INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 291 - Excess concessional contributions  

Subdivision 291-C - Modifications for defined benefit interests  

Operative provisions

SECTION 291-170   Notional taxed contributions  

291-170(1)  
Your notional taxed contributions for a * financial year in respect of a * defined benefit interest has the meaning given by the regulations.

Note:

For transitional provisions about notional taxed contributions that were previously in former subsections 292-170(6) to (9) , see Subdivision 291-C of the Income Tax (Transitional Provisions) Act 1997 .

291-170(2)  
Regulations made for the purposes of subsection (1) may provide for a method of determining the amount of the notional taxed contributions .

291-170(3)  
Regulations made for the purposes of subsection (1) may define the * notional taxed contributions, and the amount of notional taxed contributions, in different ways depending on any of the following matters:


(a) the individual who has the * superannuation interest that is or includes the * defined benefit interest;


(b) the * superannuation plan in which the superannuation interest exists;


(c) the * superannuation provider in relation to the superannuation plan;


(d) any other matter.

291-170(4)  
Regulations made for the purposes of subsection (1) may specify circumstances in which the amount of * notional taxed contributions for a * financial year is nil.

291-170(5)  
Subsections (2), (3) and (4) do not limit the regulations that may be made for the purposes of this section.


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.