Commonwealth Consolidated Acts Commonwealth Consolidated ActsThis 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