Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-30
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SUPERANNUATION
Division 293
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Sustaining the superannuation contribution concession
Subdivision 293-B
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Sustaining the superannuation contribution concession
Low tax contributions
SECTION 293-30 Low tax contributed amounts 293-30(1)
The low tax contributed amounts covered by this section for a * financial year are the sum of the contributions covered by subsection (2) and the amounts covered by subsection (5) for the financial year.
Contributions to complying superannuation plans
293-30(2)
A contribution is covered under this section for a * financial year if: (a) it is made in the financial year to a * complying superannuation plan in respect of you; and (b) it is included:
293-30(3)
For the purposes of paragraph (2)(b) , disregard: (a) table item 5.3 in section 50-25 (about income tax exemption for constitutionally protected funds); and (b) Subdivision 295-D (about excluded contributions).
Exceptions
293-30(4)
Despite subsection (2) , a contribution is not covered under this section if it is any of the following: (a) an amount mentioned in subsection 295-200(2) (about amounts transferred from foreign superannuation funds); (b) an amount mentioned in item 2 of the table in subsection 295-190(1) (about certain roll-over superannuation benefits); (c) an amount that the Commissioner pays for your benefit under Part 8 of the Superannuation Guarantee (Administration) Act 1992 , if:
Amounts allocated in relation to a complying superannuation plan
293-30(5)
An amount in a * complying superannuation plan is covered under this section if it is allocated by the * superannuation provider in relation to the plan for you for the * financial year in accordance with conditions specified by a regulation made for the purposes of subsection 291-25(3) .
View history note
Hide history noteSECTION 293-30 Low tax contributed amounts 293-30(1)
The low tax contributed amounts covered by this section for a * financial year are the sum of the contributions covered by subsection (2) and the amounts covered by subsection (5) for the financial year.
Note:
Low tax contributed amounts covered by this section are modified for State higher level office holders (see Subdivision 293-E ).
Contributions to complying superannuation plans
293-30(2)
A contribution is covered under this section for a * financial year if: (a) it is made in the financial year to a * complying superannuation plan in respect of you; and (b) it is included:
(i) in the assessable income of the * superannuation provider in relation to the plan; or
(ii) by way of a * roll-over superannuation benefit, in the assessable income of a * complying superannuation fund or * RSA provider in the circumstances mentioned in subsection 290-170(5) (about successor funds).
293-30(3)
For the purposes of paragraph (2)(b) , disregard: (a) table item 5.3 in section 50-25 (about income tax exemption for constitutionally protected funds); and (b) Subdivision 295-D (about excluded contributions).
Exceptions
293-30(4)
Despite subsection (2) , a contribution is not covered under this section if it is any of the following: (a) an amount mentioned in subsection 295-200(2) (about amounts transferred from foreign superannuation funds); (b) an amount mentioned in item 2 of the table in subsection 295-190(1) (about certain roll-over superannuation benefits); (c) an amount that the Commissioner pays for your benefit under Part 8 of the Superannuation Guarantee (Administration) Act 1992 , if:
(i) the amount represents an amount of a charge payment (within the meaning of section 63A of that Act) paid as a result of a disclosure to which paragraph 74(1)(a) of that Act applies; and
(d) (Repealed by No 57 of 2025)
(ii) the entity making the disclosure qualified, under section 74 of that Act, for an amnesty in relation to the * superannuation guarantee shortfall to which the charge payment relates.
Amounts allocated in relation to a complying superannuation plan
293-30(5)
An amount in a * complying superannuation plan is covered under this section if it is allocated by the * superannuation provider in relation to the plan for you for the * financial year in accordance with conditions specified by a regulation made for the purposes of subsection 291-25(3) .
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