INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 295 - Taxation of superannuation entities  

Subdivision 295-C - Contributions included  

Personal contributions and roll-over amounts

SECTION 295-190   Personal contributions and roll-over amounts  

295-190(1)  


The assessable income of an entity includes amounts as set out in this table.
Note:

For an explanation of the acronyms used, see section 295-35 .


Personal contributions and roll-over amounts included in assessable income
Item Assessable income of this entity: Includes:
1 CSF
* RSA provider
A contribution:
(a) made to the CSF or *RSA; and
(b) covered by a valid and acknowledged notice given to the *superannuation provider of the CSF or RSA under section 290-170
2 CSF
CADF
N-CADF
* RSA provider
A * roll-over superannuation benefit that an individual is taken to receive under section 307-15 to the extent that:
(a) it consists of an * element untaxed in the fund; and
(b) is not an * excess untaxed roll-over amount for that individual
2A CSF
* RSA provider
A *roll-over superannuation benefit that an individual is taken to receive under section 307-15 to the extent that:
(a) the CSF or *RSA is a *successor fund; and
(b) the benefit relates to a contribution that, before it was transferred to the successor fund, was not covered by a valid and acknowledged notice given to any *superannuation provider under section 290-170 ; and
(c) while the benefit is held in the successor fund, the contribution becomes covered by a valid and acknowledged notice given to the superannuation provider of the successor fund under that section
3 CSF
CADF
* RSA provider
The * taxable component of a directed termination payment (within the meaning of section 82-10F of the Income Tax (Transitional Provisions) Act 1997 )

295-190(1A)  


Items 2 and 2A of the table in subsection (1) do not apply to a *roll-over superannuation benefit that is a *departing Australia superannuation payment made under subsection 20H(2) , (2AA) or (2A) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 . Income years in which amounts are included in assessable income

295-190(2)  
A contribution referred to in item 1 is included in the income year in which it is received if the notice is received by the *superannuation provider by the day the provider lodges its *income tax return for that income year.

295-190(3)  
Otherwise it is included in the income year in which the notice is received.

295-190(4)  
A payment referred to in item 2 or 3 is included in the income year in which it is received by the *superannuation provider.

295-190(5)  


A benefit referred to in item 2A is included in the income year in which it is received if the notice is received by the *superannuation provider by the day the provider lodges its *income tax return for that income year.

295-190(6)  


Otherwise it is included in the income year in which the notice is received.

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