Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 292.15

What this Subdivision is about

An amount is included in your assessable income, and you are entitled to a tax offset, if:

       (a)     your non-concessional contributions exceed an indexed cap; and

      (b)     you are not liable to pay excess non-concessional contributions tax for the financial year on the full amount of the excess.

This amount included in your assessable income relates to:

       (a)     your associated earnings on those excess contributions; and

      (b)     any amounts that have been released from your superannuation interests.

Table of sections

292-20      Amount in assessable income, and tax offset, relating to your non-concessional contributions

292-25      Amount included in assessable income

292-30      Amount of the tax offset



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