Income Tax Assessment Act 1997



Division 292 - Excess non-concessional contributions  

Subdivision 292-C - Excess non-concessional contributions tax  

Operative provisions

SECTION 292-103   COVID-19 re-contributions  

A contribution is covered by this section if:

(a)  the contribution is made by you to a *complying superannuation plan in respect of you in a *financial year; and

(b)  the contribution is made in the financial year beginning on 1 July 2021, or a later financial year ending on or before 30 June 2030; and

(c)  one or more amounts (the COVID-19 early release amounts ) have been paid to you from a complying superannuation plan, in either or both of the financial years beginning on 1 July 2019 or 1 July 2020, because you satisfied:

(i) a condition of release specified in item 107A or 207AA of the table in Schedule 1 to the Superannuation Industry (Supervision) Regulations 1994 ; or

(ii) a condition of release specified in item 109AA of the table in Schedule 2 to the Retirement Savings Accounts Regulations 1997 ; and

(d)  the amount of the contribution is not more than the total of your COVID-19 early release amounts; and

(e)  if you made one or more previous contributions covered by this section - the sum of:

(i) the amount of the contribution; and

(ii) the amounts of those previous contributions;
is not more than the total of your COVID-19 early release amounts; and

(f)  you choose, in accordance with subsection (2) , to apply this section to the contribution.

To make a choice for the purposes of paragraph (1)(f) , you must:

(a)  make the choice in the *approved form; and

(b)  give it to the *superannuation provider in relation to the *complying superannuation plan on or before the time when the contribution is made.

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