Income Tax Assessment Act 1997

Part 3-30 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.

Div 295 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 financial year and later years.

Subdiv 295-G inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.

S 295-490(1) amended by No 89 of 2013, s 3 and Sch 1 item 22, by substituting table item 2A, effective 2 July 2019. For application provision, see note under s 295-190(1) . Table item 2A formerly read:

2A

CSF * RSA provider

A * roll-over superannuation benefit, to the extent that: (a) the CSF or * RSA is:   (i) a * successor fund; or   (ii) a superannuation fund     that is a continuing     fund for the purposes     of subsection     311-10(3); and (b) the benefit relates to a contribution that, before it was transferred to the successor fund or continuing fund, was covered by a valid and acknowledged notice given to any * superannuation provider under section 290-170; and (c) the contribution is reduced by a notice under section 290-180 received by the superannuation provider of the successor fund or continuing fund (whether or not the contribution has previously been reduced by a notice given to any superannuation provider under that section)

The notice mentioned in paragraph (c) is received

S 295-490(1) amended by No 21 of 2015, s 3 and Sch 7 item 17, by substituting " subsection 295-190(1) " for " subsection 295-490(1) " , applicable in relation to:

(a) notices given under section 290-170 of the Income Tax Assessment Act 1997 on or after 20 March 2015; and

(b) notices of variation given under section 290-180 of that Act on or after 20 March 2015 (whether the notices being varied were given before, on or after 20 March 2015).

S 295-490(1) amended by No 89 of 2013, s 3 and Sch 1 item 11, by substituting table item 2A, applicable to income years that include 1 July 2013, and to later income years. Table item 2A formerly read:

2A

CSF *RSA provider

A *roll-over superannuation benefit, 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 covered by a valid and acknowledged notice given to any *superannuation provider under section 290-170; and (c) the contribution is reduced by a notice under section 290-180 received by the superannuation provider of the successor fund (whether or not the contribution has previously been reduced by a notice given to any superannuation provider under that section)

The notice mentioned in paragraph (c) is received

S 295-490(1) amended by No 117 of 2010, s 3 and Sch 4 items 15 and 16, by substituting cell at table item 2, column headed " Can deduct: " and inserting table items 2A and 2B, applicable in relation to:

(a) notices given under section 290-170 of the Income Tax Assessment Act 1997 on or after 17 November 2010; and

(b) notices of variation given under section 290-180 of that Act on or after 17 November 2010 (whether the notices being varied were given before, on or after 17 November 2010).

The cell formerly read:

Contributions to the extent they have been reduced by a notice under section 290-180 received by the * superannuation provider after it lodged its * income tax return for the income year in which the contributions were made, but only if the provider has not exercised the option mentioned in subsection 295-195(3)

S 295-490(3) amended by No 92 of 2020, s 3 and Sch 2 item 35(l), by substituting " *income tax liability " for " income tax liability " , effective 1 January 2021.

S 295-490 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.