Superannuation Contributions and Termination Payments Taxes Legislation Amendment Act 1997 (191 of 1997)

Schedule 2   Amendment of the Income Tax Assessment Act 1997

2   After section 26-55

Insert:

26-60 Superannuation contributions surcharge

You cannot deduct under this Act:

(a) a superannuation contributions surcharge within the meaning of the Superannuation Contributions Tax (Assessment and Collection) Act 1997; or

(b) a superannuation contributions surcharge within the meaning of the Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997.

26-65 Termination payments surcharge

You cannot deduct under this Act a termination payments surcharge within the meaning of the Termination Payments Tax (Assessment and Collection) Act 1997.