Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 290 - Contributions to superannuation funds  

Subdivision 290-C - Deducting personal contributions  

SECTION 290-155.05  

290-155.05   COMPLYING SUPERANNUATION FUND CONDITION - PRESCRIBED CONTRIBUTIONS AND SUPERANNUATION FUNDS  
For the purposes of paragraph 290-155(1)(b) of the Act, a contribution to a superannuation fund is a prescribed kind of contribution to a prescribed kind of superannuation fund if:

(a)    the contribution is a contribution made to a defined benefit interest; and

(b)    the superannuation fund is a fund in relation to which the trustee of the fund has elected that this section apply and the election:

(i) is made before the start of the income year of the fund in which the contribution is made; and

(ii) is not revoked before the start of that year; and

(iii) is made by notifying the Commissioner in the approved form.