Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 293 - Sustaining the superannuation contribution concession  

Subdivision 293-B - Sustaining the superannuation contribution concession  

Low tax contributions

SECTION 293-25   293-25   Your low tax contributions  


The amount of your low tax contributions for a * financial year is:


(a) the low tax contributed amounts covered by section 293-30 for the financial year; less


(b) your * excess concessional contributions for the financial year (if any).

Note 1:

Low tax contributions are modified for defined benefit interests (see Subdivision 293-D ).

Note 2:

Modifications in Subdivision 293-E (about constitutionally protected State higher level office holders) and Subdivision 293-F (about Commonwealth justices) affect the amount of low tax contributions.


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