Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Act 2024 (90 of 2024)

Schedule 2   Other amendments

Income Tax Assessment Act 1997

5   After section 307-130

Insert:

307-133 PPL superannuation contribution payment

The components of a *superannuation benefit that is a *PPL superannuation contribution payment are as follows:

(a) the *tax free component is nil;

(b) the *taxable component is the amount of the benefit.