Income Tax Assessment Act 1997
The amount of your concessional contributions for a * financial year is the sum of:
(a) each contribution covered under subsection (2); and
(b) each amount covered under subsection (3).
For rules about defined benefit interests, see Subdivision 291-C .291-25(2)
A contribution is covered under this subsection if:
(a) it is made in the * financial year to a * complying superannuation plan in respect of you; and
(b) it is included in the assessable income of the * superannuation provider in relation to the plan, or, by way of a * roll-over superannuation benefit, in the assessable income of a * complying superannuation fund or * RSA provider in the circumstances mentioned in subsection 290-170(5) (about successor funds); and
(c) it is not an amount mentioned in subsection 295-200(2) ; and
(d) it is not an amount mentioned in item 2 of the table in subsection 295-190(1) .
An amount in a * complying superannuation plan is covered under this subsection if it is allocated by the * superannuation provider in relation to the plan for you for the year in accordance with conditions specified in the regulations. 291-25(4)
For the purposes of paragraph (2)(b), disregard:
(a) table item 5.3 in section 50-25 (about income tax exemption for constitutionally protected funds); and
(b) Subdivision 295-D (about excluded contributions).
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