Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 293 - Sustaining the superannuation contribution concession  

Subdivision 293-D - Modifications for defined benefit interests  

Operative provisions

SECTION 293-115   Defined benefit contributions  

293-115(1)  
Your defined benefit contributions , for a * financial year in respect of a * defined benefit interest, has the meaning given by regulation.

Note:

There are modifications in sections 293-150 (about constitutionally protected State higher level office holders) and 293-195 (about Commonwealth justices).

293-115(2)  
A regulation made for the purposes of subsection (1) may provide for a method of determining the amount of the defined benefit contributions .

293-115(3)  
A regulation made for the purposes of subsection (1) may define the * defined benefit contributions, and the amount of defined benefit contributions, in different ways depending on any of the following matters:


(a) the person 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.

293-115(4)  
A regulation made for the purposes of subsection (1) may specify circumstances in which the amount of * defined benefit contributions for a * financial year is nil.

293-115(5)  
Subsections (2), (3) and (4) do not limit a regulation that may be made for the purposes of this section.

293-115(6)  


Subsection 12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply to a regulation made for the purposes of subsection (1).

293-115(7)  


Despite subsection 12(1A) (retrospective commencement of legislative instruments) of the Legislation Act 2003 , a regulation made for the purposes of subsection (1) must not commence before 1 July 2012.

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.