Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026 (8 of 2026)
Schedule 1 Better targeted superannuation concessions
Income Tax Assessment Act 1997
13 After section 26-99
Insert:
26-99A Division 296 tax cannot be deducted
You cannot deduct under this Act any of the following:
(a) an amount of *Division 296 tax that you pay;
(b) an amount of *Division 296 debt account discharge liability that you pay.
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