Superannuation (Government Co-contribution for Low Income Earners) (Consequential Amendments) Act 2003 (111 of 2003)

Schedule 1   Amendments consequential on the Superannuation (Government Co contribution for Low Income Earners) Act 2003

Part 1   Amendments

Income Tax Assessment Act 1936

1   Paragraph 82AAS(2)(b)

Repeal the paragraph, substitute:

(b) to the extent to which those benefits would be attributable to the year of income:

(i) the benefits would be wholly or partly attributable to contributions made, or required to be made, in relation to the year of income:

(A) to a superannuation fund of the relevant person; and

(B) by someone other than the relevant person; and

(C) in connection with the eligible employment of the relevant person in the year of income; or

(ii) the benefits would, in whole or in part, be paid in relation to the year of income:

(A) out of money (other than contributions made to a superannuation fund) of someone other than the relevant person; and

(B) in connection with the eligible employment of the person in the year of income.