Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)
Schedule 9 Overseas superannuation payments
Income Tax Assessment Act 1936
1 Subsection 27A(1) (subparagraph (e)(iv) of the definition of undeducted contributions )
Repeal the subparagraph, substitute:
(iv) no deductions are allowable or have been allowed to the taxpayer or to the other person in respect of the contributions;
but does not include so much of the ETP as is attributable to an amount paid from an eligible non-resident non-complying superannuation fund to a complying superannuation fund, to the extent that the amount has been treated as a taxable contribution under paragraph 274(10)(c) or (d).