INCOME TAX ASSESSMENT REGULATIONS 1997

PART 2A - SPECIALIST LIABILITY RULES  

Division 290 - Contributions to superannuation funds  

Subdivision 290-C - Deducting personal contributions  

REGULATION 290-155.05   290-155.05   COMPLYING SUPERANNUATION FUND CONDITION - PRESCRIBED CONTRIBUTIONS AND SUPERANNUATION FUNDS  


For the purposes of paragraph 290-155(1)(b) of the Act, a contribution to a superannuation fund is a prescribed kind of contribution to a prescribed kind of fund if:


(a) the contribution is made to a defined benefit interest in the fund; and


(b) the trustee of the fund elects to have this regulation apply to the fund; and


(c) the election:


(i) is made before the start of the income year of the fund in which the contribution is made; and

(ii) is not revoked before the start of that year; and

(iii) is made by notifying the Commissioner in the approved form.



This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.