Income Tax Assessment Act 1997
There is no reduction of the amount of *no-TFN contributions income by Subdivision 295-D .
Subdivision 295-D can reduce an amount that would otherwise be included in assessable income. It does not reduce the amount of no-TFN contributions income . An amount is still no-TFN contributions income even if, because of Subdivision 295-D , the amount (or part of it) is not included in assessable income.
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