S 159T repealed by No 15 of 2007, s 3 and Sch 1 item 7, applicable to the 2007-08 income year and later years. S 159T formerly read:
SECTION 159T REBATE FOR SUPERANNUATION CONTRIBUTIONS MADE IN RELATION TO A SPOUSE
159T(1)
This section applies if the following conditions are satisfied in relation to a taxpayer and in relation to a year of income of the taxpayer:
(a)
the taxpayer has a spouse in relation to whom he or she makes one or more eligible spouse contributions; and
(b)
the taxpayer and his or her spouse are residents at the time that the taxpayer makes the eligible spouse contribution; and
(c)
the total of the following is less than $13,800:
(i)
the spouse
'
s assessable income;
(ii)
the spouse
'
s reportable fringe benefits total (if any) for the year of income.
Note:
For the meaning of
eligible spouse contribution
, see section
159TC
.
History
S 159T(1)(c) substituted by No 17 of 1999.
159T(1A)
However, a contribution is not an eligible spouse contribution for the purposes of subsection (1) if it is an amount paid by the member spouse, as mentioned in regulations under the
Family Law Act 1975
, to a regulated superannuation fund, or to an RSA, to be held for the benefit of the non-member spouse in satisfaction of the non-member spouse
'
s entitlement in respect of the superannuation interest concerned.
History
S 159T(1A) inserted by No 78 of 2005.
159T(2)
The taxpayer is entitled to a rebate of tax in the taxpayer
'
s assessment for the year of income equal to 18% of the lesser of:
(a)
$3,000 reduced by $1 for every $1 of the amount (if any) by which the total mentioned in paragraph (1)(c) exceeds $10,800; or
(b)
the total of the eligible spouse contributions made in relation to the spouse by the taxpayer in that year.
History
S 159T(2)(a) amended by No 17 of 1999.
159T(3)
In this section:
member spouse
has the same meaning as in Part VIIIB of the
Family Law Act 1975
.
non-member spouse
has the same meaning as in Part VIIIB of the
Family Law Act 1975
.
regulated superannuation fund
has the same meaning as in Part VIIIB of the
Family Law Act 1975
.
RSA
has the same meaning as in Part VIIIB of the
Family Law Act 1975
.
superannuation interest
has the same meaning as in Part VIIIB of the
Family Law Act 1975
.
History
S 159T(3) inserted by No 78 of 2005.
S 159T inserted by No 147 of 1997.
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