Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 292 - Excess non-concessional contributions  

Subdivision 292-B - Assessable income and tax offset  

SECTION 292-15   What this Subdivision is about  


An amount is included in your assessable income, and you are entitled to a tax offset, if:

  • (a) your non-concessional contributions exceed an indexed cap; and
  • (b) you are not liable to pay excess non-concessional contributions tax for the financial year on the full amount of the excess.
  • This amount included in your assessable income relates to:

  • (a) your associated earnings on those excess contributions; and
  • (b) any amounts that have been released from your superannuation interests.

  • TABLE OF SECTIONS
    TABLE OF SECTIONS
    292-20 Amount in assessable income, and tax offset, relating to your non-concessional contributions
    292-25 Amount included in assessable income
    292-30 Amount of the tax offset


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