INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 293 - Sustaining the superannuation contribution concession  

Subdivision 293-F - Modifications for Commonwealth justices  

Operative provisions

SECTION 293-200   High income threshold - effect of modification  

293-200(1)  


For the purpose of working out the extent (if any) to which the sum mentioned in subsection 293-20(1) for the individual exceeds the $250,000 threshold mentioned in that subsection, disregard section 293-195 .

293-200(2)  
To avoid doubt, the effect of subsection (1) is that the amount of the individual ' s * taxable contributions for an income year is the lesser of:


(a) the excess (if any) mentioned in subsection 293-20(1) (worked out disregarding section 293-195 ) for the income year; and


(b) the individual ' s * low tax contributions for the corresponding * financial year (worked out having regard to section 293-195 ).


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