Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 3-20
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SUPERANNUATION
Division 134
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Division 296 tax
Subdivision 134-A
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Deferral determination
Operative provisions
SECTION 134-15 ATTRIBUTION OF DIVISION 296 TAX TO DEFINED BENEFIT INTEREST 134-15(1)
For the purposes of section 134-10 , the amount of your * assessed Division 296 tax for an income year attributable to a * superannuation interest that is or includes a * defined benefit interest is to be worked out using the following formula:
134-15(2)
However, no part of the * assessed Division 296 tax for the year is attributable to the * superannuation interest if: (a) your * relevant superannuation earnings for the year for the superannuation interest is nil; or (b) the superannuation interest is in a * superannuation plan that is a * foreign superannuation fund for the income year; or (c) the superannuation interest is a * Division 296 excluded interest in relation to the year.
View history note
Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesSECTION 134-15 ATTRIBUTION OF DIVISION 296 TAX TO DEFINED BENEFIT INTEREST 134-15(1)
For the purposes of section 134-10 , the amount of your * assessed Division 296 tax for an income year attributable to a * superannuation interest that is or includes a * defined benefit interest is to be worked out using the following formula:
| * Division 296 tax for the year | × | Your * relevant superannuation earnings for the year for the superannuation interest | ||
| Your * total superannuation earnings for the year |
134-15(2)
However, no part of the * assessed Division 296 tax for the year is attributable to the * superannuation interest if: (a) your * relevant superannuation earnings for the year for the superannuation interest is nil; or (b) the superannuation interest is in a * superannuation plan that is a * foreign superannuation fund for the income year; or (c) the superannuation interest is a * Division 296 excluded interest in relation to the year.
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