Division 3 - Deductions  

Subdivision A - General  


79C(1)   [Limit on aggregate of certain deductions]  

The aggregate of the deductions allowable under sections 78 , 78B and 82AAT shall not exceed the amount of income remaining after deducting from the assessable income all other allowable deductions except deductions allowable under section 79E , 79F , 80 , 80AAA or 80AA in respect of losses of previous years and any deduction allowable under Division 10 , Division 10AA or Division 16C .

79C(2)   [No operation from 1997/98 year onwards]  

This section does not apply to the 1997-98 year of income or a later year of income.


Section 26-55 of the Income Tax Assessment Act 1997 sets out a limit on the total amount deductible under the following provisions of this Act:

  • · section 78 (Deductions for gifts, pensions etc);
  • · section 78B (Promoters recoupment tax);
  • · Subdivision B (Development allowance) of Division 3 of Part III ;
  • · section 82AAT (Deductions for superannuation contributions by eligible persons);
  • · Division 3 of Part XII (Drought investment allowance).


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