Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 293.115

Defined benefit contributions

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

Note:   There are modifications in sections   293 - 150 (about constitutionally protected State higher level office holders) and 293 - 195 (about Commonwealth justices).

  (2)   A regulation made for the purposes of subsection   (1) may provide for a method of determining the amount of the defined benefit contributions .

  (3)   A regulation made for the purposes of subsection   (1) may define the * defined benefit contributions, and the amount of defined benefit contributions, in different ways depending on any of the following matters:

  (a)   the person 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)   A regulation made for the purposes of subsection   (1) may specify circumstances in which the amount of * defined benefit contributions for a * financial year is nil.

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


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