Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 26.1

What this Division is about

This Division sets out some amounts that you cannot deduct, or that you cannot deduct in full.

Table of sections

Operative provisions

26 - 5   Penalties

26 - 10   Leave payments

26 - 15   Franchise fees windfall tax

26 - 17   Commonwealth places windfall tax

26 - 19   Rebatable benefits

26 - 20   Assistance to students

26 - 22   Political contributions and gifts

26 - 25   Interest or royalty

26 - 25A   Payments to employees--labour mobility programs

26 - 26   Non - share distribution and dividends

26 - 30   Relative's travel expenses

26 - 31   Travel related to use of residential premises as residential accommodation

26 - 35   Reducing deductions for amounts paid to related entities

26 - 40   Maintaining your family

26 - 45   Recreational club expenses

26 - 47   Non - business boating activities

26 - 50   Expenses for a leisure facility

26 - 52   Bribes to foreign public officials

26 - 53   Bribes to public officials

26 - 54   Expenditure relating to illegal activities

26 - 55   Limit on deductions

26 - 60   Superannuation contributions surcharge

26 - 68   Loss from disposal of eligible venture capital investments

26 - 70   Loss from disposal of venture capital equity

26 - 75   Excess non - concessional contributions tax cannot be deducted

26 - 80   Financing costs on loans to pay superannuation contribution

26 - 85   Borrowing costs on loans to pay life insurance premiums

26 - 90   Superannuation supervisory levy

26 - 95   Superannuation guarantee charge

26   96   Laminaria and Corallina decommissioning levy cannot be deducted

26 - 97   National Disability Insurance Scheme expenditure

26 - 98   Division   293 tax cannot be deducted

26 - 99   Excess transfer balance tax cannot be deducted

26 - 100   Expenditure attributable to water infrastructure improvement payments

26 - 102   Expenses associated with holding vacant land

26 - 105   Non - compliant payments for work and services



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