INCOME TAX ASSESSMENT ACT 1997 - SECT 295.190 Personal contributions and roll

Commonwealth Consolidated Acts

Personal contributions and roll - over amounts

(1) The assessable income of an entity includes amounts as set out in this table.

Note: For an explanation of the acronyms used, see section 295 - 35.

Personal contributions and roll - over amounts included in assessable income
Item
Assessable income of this entity:
Includes:
1
CSF
* RSA provider
A contribution:
(a) made to the CSF or * RSA; and
(b) covered by a valid and acknowledged notice given to the * superannuation provider of the CSF or RSA under section 290 - 170
2
CSF
CADF
N - CADF
* RSA provider
A * roll - over superannuation benefit that an individual is taken to receive under section 307 - 15 to the extent that:
(a) it consists of an * element untaxed in the fund (other than an element untaxed in the fund under subsection 307 - 290(4)); and
(b) is not an * excess untaxed roll - over amount for that individual
2A
CSF
* RSA provider
A * roll - over superannuation benefit that an individual is taken to receive under section 307 - 15 to the extent that:
(a) the CSF or * RSA is a * successor fund; and
(b) the benefit relates to a contribution that, before it was transferred to the successor fund, was not covered by a valid and acknowledged notice given to any * superannuation provider under section 290 - 170; and
(c) while the benefit is held in the successor fund, the contribution becomes covered by a valid and acknowledged notice given to the superannuation provider of the successor fund under that section
3
CSF
CADF
* RSA provider
The * taxable component of a directed termination payment (within the meaning of section 82 - 10F of the Income Tax (Transitional Provisions) Act 1997 )

Personal contributions and roll - over amounts included in assessable income
1	CSF * RSA provider	A contribution: (a) made to the CSF or * RSA; and (b) covered by a valid and acknowledged notice given to the * superannuation provider of the CSF or RSA under section 290 - 170
2	CSF CADF N - CADF * RSA provider	A * roll - over superannuation benefit that an individual is taken to receive under section 307 - 15 to the extent that: (a) it consists of an * element untaxed in the fund (other than an element untaxed in the fund under subsection 307 - 290(4)); and (b) is not an * excess untaxed roll - over amount for that individual
2A	CSF * RSA provider	A * roll - over superannuation benefit that an individual is taken to receive under section 307 - 15 to the extent that: (a) the CSF or * RSA is a * successor fund; and (b) the benefit relates to a contribution that, before it was transferred to the successor fund, was not covered by a valid and acknowledged notice given to any * superannuation provider under section 290 - 170; and (c) while the benefit is held in the successor fund, the contribution becomes covered by a valid and acknowledged notice given to the superannuation provider of the successor fund under that section
3	CSF CADF * RSA provider	The * taxable component of a directed termination payment (within the meaning of section 82 - 10F of the Income Tax (Transitional Provisions) Act 1997 )

(1A) Items 2 and 2A of the table in subsection (1) do not apply to a * roll - over superannuation benefit that is a * departing Australia superannuation payment made under subsection 20H(2), (2AA) or (2A) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 .

Income years in which amounts are included in assessable income

(2) A contribution referred to in item 1 is included in the income year in which it is received if the notice is received by the * superannuation provider by the day the provider lodges its * income tax return for that income year.

(3) Otherwise it is included in the income year in which the notice is received.

(4) A payment referred to in item 2 or 3 is included in the income year in which it is received by the * superannuation provider.

(5) A benefit referred to in item 2A is included in the income year in which it is received if the notice is received by the * superannuation provider by the day the provider lodges its * income tax return for that income year.

(6) Otherwise it is included in the income year in which the notice is received.

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Personal contributions and roll - over amounts included in assessable income
Item	Assessable income of this entity:	Includes:
1	CSF * RSA provider	A contribution: (a) made to the CSF or * RSA; and (b) covered by a valid and acknowledged notice given to the * superannuation provider of the CSF or RSA under section 290 - 170
2	CSF CADF N - CADF * RSA provider	A * roll - over superannuation benefit that an individual is taken to receive under section 307 - 15 to the extent that: (a) it consists of an * element untaxed in the fund (other than an element untaxed in the fund under subsection 307 - 290(4)); and (b) is not an * excess untaxed roll - over amount for that individual
2A	CSF * RSA provider	A * roll - over superannuation benefit that an individual is taken to receive under section 307 - 15 to the extent that: (a) the CSF or * RSA is a * successor fund; and (b) the benefit relates to a contribution that, before it was transferred to the successor fund, was not covered by a valid and acknowledged notice given to any * superannuation provider under section 290 - 170; and (c) while the benefit is held in the successor fund, the contribution becomes covered by a valid and acknowledged notice given to the superannuation provider of the successor fund under that section
3	CSF CADF * RSA provider	The * taxable component of a directed termination payment (within the meaning of section 82 - 10F of the Income Tax (Transitional Provisions) Act 1997 )