CHAPTER 3
-
SPECIALIST LIABILITY RULES
PART 3-30
-
SUPERANNUATION
History
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.
Division 290
-
Contributions to superannuation funds
History
Div 290 inserted by
No 9 of 2007
, s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.
Subdivision 290-B
-
Deduction of employer contributions and other employment-connected contributions
History
Subdiv 290-B inserted by
No 9 of 2007
, s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.
Other employment-connected deductions
SECTION 290-95
Amounts offset against superannuation guarantee charge
290-95(1)
You cannot deduct a contribution under this Act if you elect under subsection
23A(1)
of the
Superannuation Guarantee (Administration) Act 1992
that the contribution be offset against your liability to pay superannuation guarantee charge.
Note:
Section
26-95
restricts deductions for charges imposed by the
Superannuation Guarantee Charge Act 1992
.
History
S 290-95 amended by No 21 of 2020, s 3 and Sch 1 items 3 and 4, by inserting
"
(1)
"
before
"
You
"
and substituting the note, effective 1 April 2020 and applicable in relation to the 2017-18 income year and later income years. The note formerly read:
Note:
You cannot deduct a charge imposed by the
Superannuation Guarantee Charge Act 1992
: see section
26-95
.
290-95(2)
However, this section does not apply to such a contribution that is made during the amnesty period (within the meaning of subsection
74(3)
of the
Superannuation Guarantee (Administration) Act 1992)
, to the extent that the charge relates to a *superannuation guarantee shortfall for which you qualify for an amnesty under section
74
of that Act.
History
S 290-95(2) inserted by No 21 of 2020, s 3 and Sch 1 item 5, effective 1 April 2020 and applicable in relation to the 2017-18 income year and later income years.
History
S 290-95 inserted by
No 9 of 2007
, s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.