Income Tax Assessment Act 1997
This Subdivision reduces the superannuation tax concession for high income earners.
An individual ' s income is added to certain superannuation contributions and compared to the high income threshold of $250,000. A tax is payable on the excess, or on the superannuation contributions (whichever is less).
The tax is not payable in respect of excess concessional contributions.
|Liability for tax|
|293-15||Liability for tax|
|293-20||Your taxable contributions|
|Low tax contributions|
|293-25||Your low tax contributions|
|293-30||Low tax contributed amounts|
|293-35||(Repealed by No 118 of 2013)|
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