CRP suitable for superannuation law
The Commissioner of Taxation has limited powers to modify the operation of tax law in circumstances where entities will benefit, or at least be no worse off, as a result of the modification. This power is known as the Commissioner's remedial power (CRP).
The following information describes situations where the Commissioner has used the CRP to modify the operation of the superannuation law.
Work test for personal superannuation contributions
The determination is Taxation Administration (Remedial Power – Work Test for Personal Superannuation Contributions) Determination 2023.
Affected provisions
The affected provisions are in the Income Tax Assessment Act 1997:
Dates of effect and cessation
This determination came into effect on 11 August 2023.
It will cease to be in effect on 1 July 2028.