INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 292 - Excess non-concessional contributions  

Guide to Division 292  

SECTION 292-1   What this Division is about  


This Division limits the superannuation contributions made in a financial year that receive concessional tax treatment.

You become liable for tax if:

  • (a) your non-concessional contributions exceed an indexed cap; and
  • (b) a corresponding amount is not released from your superannuation interests.
  • An amount may be included in your assessable income, and you may become entitled to a tax offset, if your non-concessional contributions exceed that indexed cap.


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