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INCOME TAX ASSESSMENT ACT 1997 - SECT 291.170

Notional taxed contributions

             (1)  Your notional taxed contributions for a * financial year in respect of a * defined benefit interest has the meaning given by the regulations.

Note:          For transitional provisions about notional taxed contributions that were previously in former subsections 292-170(6) to (9), see Subdivision 291-C of the Income Tax (Transitional Provisions) Act 1997 .

             (2)  Regulations made for the purposes of subsection (1) may provide for a method of determining the amount of the notional taxed contributions .

             (3)  Regulations made for the purposes of subsection (1) may define the * notional taxed contributions, and the amount of notional taxed contributions, in different ways depending on any of the following matters:

                     (a)  the individual who has the * superannuation interest that is or includes the * defined benefit interest;

                     (b)  the * superannuation plan in which the superannuation interest exists;

                     (c)  the * superannuation provider in relation to the superannuation plan;

                     (d)  any other matter.

             (4)  Regulations made for the purposes of subsection (1) may specify circumstances in which the amount of * notional taxed contributions for a * financial year is nil.

             (5)  Subsections (2), (3) and (4) do not limit the regulations that may be made for the purposes of this section.



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