Taxation Ruling

TR 2005/24W

Income tax: deductibility of personal superannuation contributions

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Notice of Withdrawal

Taxation Ruling TR 2005/24 is withdrawn with effect from today.

1. Taxation Ruling TR 2005/24 considers the circumstances in which personal contributions to a complying superannuation fund or retirement savings account qualify for an income tax deduction under sections 82AAS and 82AAT (contained in Subdivision AB of Division 3 of Part III of the Income Tax Assessment Act 1936) (ITAA 1936) and meet the additional requirements in section 26-80 of the Income Tax Assessment Act 1997 (ITAA 1997).

2. Sections 82AAS and 82AAT of the ITAA 1936 and section 26-80 of the ITAA 1997 were repealed in relation to the 2007-08 and later income years and were replaced by Division 290 of the ITAA 1997.

3. The issues covered by TR 2005/24 are now covered in Draft Taxation Ruling TR 2009/D3 which deals with the relevant law in Division 290 of the ITAA 1997 that applies from 1 July 2007.

Commissioner of Taxation
17 June 2009

Previously released in draft form as TR 2005/D9

References

ATO references:
NO 2006/20258

Related Rulings/Determinations:

TR 92/1
TR 92/20
TR 97/16
TD 93/224

Subject References:
complying superannuation fund
deductible amounts
eligible employment
eligible person
reasonable to expect
superannuation benefits
superannuation contributions
superannuation guarantee
ten percent rule

Legislative References:
TAA 1953 Pt IVAAA
ITAA 1936 Pt III Div 3 Subdiv AB
ITAA 1936 82AAS
ITAA 1936 82AAS(1)
ITAA 1936 82AAS(2)
ITAA 1936 82AAS(2)(a)
ITAA 1936 82AAS(2)(b)
ITAA 1936 82AAS(2)(b)(i)
ITAA 1936 82AAS(3)
ITAA 1936 82AAS(3)(a)
ITAA 1936 82AAS(3)(b)(i)(A)
ITAA 1936 82AAS(4)
ITAA 1936 82AAS(5)
ITAA 1936 82AAS(6)
ITAA 1936 82AAS(8)
ITAA 1936 82AAS(10)
ITAA 1936 82AAT
ITAA 1936 82AAT(1)
ITAA 1936 82AAT(1A)
ITAA 1936 82AAT(1D)
ITAA 1936 82AAT(1E)
ITAA 1936 82AAT(1F)
ITAA 1936 82AAT(2)(a)
ITAA 1936 82AAT(2)(b)
ITAA 1936 82AAT(2A)
ITAA 1936 82AAT(2B)
ITAA 1997 26-55
ITAA 1997 26-80(3)
SGAA 1992 12(11)
SGAA 1992 19(4)
SGAA 1992 27
SGAA 1992 28
SGAA 1992 65
SGAA 1992 65A
SGAA 1992 66
SGAA 1992 67
AIA 1901 23(b)
SISA 1993
SISR 1994

Case References:
FC of T v. Arklay
89 ATC 4563
(1989) 20 ATR 276
85 ALR 368
(1989) 22 FCR 298

FC of T v. McCabe
90 ATC 4968
(1990) 21 ATR 992
(1990) 26 FCR 431
Findlay v. FC of T
(1998) 98 ATC 4623
39 ATR 266
Norris v. FC of T
(2002) ATC 2091
50 ATR 1250
Re Edmonds - Wilson v. Commissioner of Taxation (Cth)
(1998) 98 ATC 2276
(1998) 40 ATR 1071

Other References:
Explanatory Memorandum to the Taxation Laws Amendment (Superannuation) Bill 1992