Income Tax Rates Amendment (Superannuation) Act 2007 (19 of 2007)

Schedule 1   Amendment of the Income Tax Rates Act 1986

Income Tax Rates Act 1986

22   Subsection 3(1)

Insert:

superannuation remainder of taxable income means so much of the taxable income as:

(a) is included in assessable income under a maximum tax rate provision in Division 301 of the Income Tax Assessment Act 1997; and

(b) does not give rise to an entitlement to a tax offset under that maximum tax rate provision.