Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 291 - Excess concessional contributions  

Subdivision 291-C - Modifications for defined benefit interests  

Operative provisions

SECTION 291-170   Notional taxed contributions  

291-170(1)  
Your notional taxed contributions for a * financial year in respect of a * defined benefit interest has the meaning given by the regulations.

Note:

For transitional provisions about notional taxed contributions that were previously in former subsections 292-170(6) to (9) , see Subdivision 291-C of the Income Tax (Transitional Provisions) Act 1997 .

291-170(2)  
Regulations made for the purposes of subsection (1) may provide for a method of determining the amount of the notional taxed contributions .

291-170(3)  
Regulations made for the purposes of subsection (1) may define the * notional taxed contributions, and the amount of notional taxed contributions, in different ways depending on any of the following matters:


(a) the individual who has the * superannuation interest that is or includes the * defined benefit interest;


(b) the * superannuation plan in which the superannuation interest exists;


(c) the * superannuation provider in relation to the superannuation plan;


(d) any other matter.

291-170(4)  
Regulations made for the purposes of subsection (1) may specify circumstances in which the amount of * notional taxed contributions for a * financial year is nil.

291-170(5)  
Subsections (2), (3) and (4) do not limit the regulations that may be made for the purposes of this section.


 

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