INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 295 - Taxation of superannuation entities  

Subdivision 295-E - Other income amounts  

Amounts included

SECTION 295-320   295-320   Other amounts included in assessable income  


The assessable income of an entity includes the amounts as set out in this table.
Note:

For an explanation of the acronyms used, see section 295-35 .


Amounts included in assessable income
Item Assessable income of this entity: Includes: For the income year:
1 PST Amount transferred to it by a CSF or CADF under section 295-260 Of the PST that includes the last day of the transferor ' s income year to which the agreement relates
2 N-CSF that was a CSF for the previous income year * Ordinary income and * statutory income from previous years worked out under section 295-325 Following the income year in which it was a CSF
3 CSF; or
N-CSF that is an * Australian superannuation fund for the income year and that was a * foreign superannuation fund for the previous income year
* Ordinary income and * statutory income from previous years worked out under section 295-330 Following the income year in which it was a foreign superannuation fund
4 CSF The part of a rebate or refund of an insurance premium that is attributable to an amount deducted under an item of the table in subsection 295-465(1) In which the rebate or refund is received
5 * RSA provider The part of a rebate or refund of an insurance premium that is attributable to an amount deducted under section 295-475 In which the rebate or refund is received


 

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