Tax and Superannuation Laws Amendment (Increased Concessional Contributions Cap and Other Measures) Act 2013 (82 of 2013)

Schedule 3   Sustaining the superannuation contribution concession

Part 2   Other amendments

Income Tax Assessment Act 1997

11   Subsection 995-1(1)

Insert:

assessed Division 293 tax means *Division 293 tax, as assessed under Schedule 1 to the Taxation Administration Act 1953.

debt account discharge liability has the meaning given by section 133-120 in Schedule 1 to the Taxation Administration Act 1953.

deferral reversal , for a *superannuation interest, has the meaning given by section 133-25 in Schedule 1 to the Taxation Administration Act 1953.

deferred to a debt account , for a *superannuation interest, in relation to *assessed Division 293 tax, has the meaning given by section 133-10 in Schedule 1 to the Taxation Administration Act 1953.

defined benefit contributions has the meaning given by sections 293-115, 293-150 and 293-195.

defined benefit tax has the meaning given by section 133-15 in Schedule 1 to the Taxation Administration Act 1953.

Division 293 tax means tax imposed by the Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013.

Division 293 tax law means:

(a) the Income Tax Assessment Act 1997, so far as it relates to the *Division 293 tax; and

(b) any Act that imposes Division 293 tax; and

(c) the Taxation Administration Act 1953, so far as it relates to any Act covered by paragraphs (a) and (b) (or to so much of that Act as is covered); and

(d) any other Act, so far as it relates to any Act covered by paragraphs (a) to (c) (or to so much of that Act as is covered); and

(e) regulations and other legislative instruments under an Act, so far as they relate to any Act covered by paragraphs (a) to (d) (or to so much of that Act as is covered).

end benefit has the meaning given by section 133-130 in Schedule 1 to the Taxation Administration Act 1953.

low tax contributions has the meaning given by sections 293-25 and 293-105.

release entitlement has the meaning given by section 135-10 in Schedule 1 to the Taxation Administration Act 1953.

taxable contributions has the meaning given by section 293-20.