Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 295.410

    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