Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 295.410

Amount credited to RSA

                   For item 3 of the table in section 295-405, the part of the amount credited to the * RSA that is * exempt income is worked out by:

                     (a)  multiplying the amount by the number of days in the income year for which the pension covered by section 295-407 was paid; and

                     (b)  dividing the result by the number of days in the income year that the RSA existed.

Table of sections

Death or disability benefits

295-460    Benefits for which deductions are available

295-465    Complying funds--deductions for insurance premiums

295-470    Complying funds--deductions for future liability to pay benefits

295-475    RSA providers--deductions for insurance premiums

295-480    Meaning of whole of life policy and endowment policy

Other deductions

295-490    Other deductions

Certain amounts cannot be deducted

295-495    Amounts that cannot be deducted

Death or disability benefits



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback