S 82AAF repealed by No 15 of 2007, s 3 and Sch 1 item 5, applicable to the 2007-2008 income year and later years. S 82AAF formerly read:
SECTION 82AAF DEDUCTION FOR DEPOSITS UNDER THE
SMALL SUPERANNUATION ACCOUNTS ACT 1995
82AAF(1)
Deduction.
If a taxpayer makes a deposit under the
Small Superannuation Accounts Act 1995
in respect of an eligible employee, another person where the deposit reduces the taxpayer
'
s charge percentage in respect of the other person under section
22
or
23
of the
Superannuation Guarantee (Administration) Act 1992
or another person who is an employee for the purposes of that Act, the amount of the deposit is an allowable deduction for the year of income of the taxpayer in which the deposit is made.
History
S 82AAF(1) amended by No 147 of 2005, s 3 and Sch 7 item 8, applicable to payments made on or after the first day of the first quarter after the quarter in which No 147 of 2005 received the Royal Assent
[
ie 14 December 2005]. No 147 of 2005, s 3 and Sch 7 item 19, contains the following provision:
Previous interpretation preserved
19
The amendment is not to be taken to affect by implication the interpretation of a provision amended at a time before commencement.
82AAF(2)
$1,200 limit.
The total of the deductions allowable under subsection (1) for deposits made by a taxpayer, or by a taxpayer and one or more associates of the taxpayer, in a year of income in respect of a particular person, must not exceed $1,200.
History
S 82AAF(2) amended by No 147 of 2005, s 3 and Sch 7 item 9, applicable to payments made on or after the first day of the first quarter after the quarter in which No 147 of 2005 received the Royal Assent
[
ie 14 December]. No 147 of 2005, s 3 and Sch 7 item 19, contains the following provision:
Previous interpretation preserved
19
The amendment is not to be taken to affect by implication the interpretation of a provision amended at a time before commencement.
82AAF(3)
No deduction unless deposit form contains correct declarations etc.
A deduction is not allowable to a taxpayer under subsection (1) for a deposit if the deposit form that accompanied the deposit, in so far as the form relates to the deposit, contained a declaration that is false or misleading.
82AAF(4)
Definitions.
In this section:
associate
has the same meaning as in section
318
.
deposit
has the same meaning as in the
Small Superannuation Accounts Act 1995
.
deposit form
has the same meaning as in the
Small Superannuation Accounts Act 1995
.
History
S 82AAF(4) amended by
No 101 of 2006
, s 3 and Sch 2 item 258, by amending references to repealed inoperative provisions, effective 14 September 2006. For application and savings provisions see the
CCH Australian Income Tax Legislation archive
.
S 82AAF inserted by No 53 of 1995.
Former s 82AAF repealed when s 82AAC substituted for s 82AAB
-
82AAP by No 97 of 1989.
Former s 82AAF amended by No 108 of 1981 and No 51 of 1973 and inserted by No 110 of 1964.
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