Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (147 of 2005)
Schedule 6 Superannuation guarantee charge
Income Tax Assessment Act 1997
2 At the end of Division 26
Add:
26-85 Amounts offset against superannuation guarantee charge
You cannot deduct under this Act a contribution made for an employee of yours if you elect under subsection 23A(1) of the Superannuation Guarantee (Administration) Act 1992 that the contribution be offset against your liability to pay superannuation guarantee charge.