Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

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History

Part 3-30 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.

Division 295 - Taxation of superannuation entities  

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Div 295 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 financial year and later years.

Subdivision 295-G - Deductions  

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Subdiv 295-G inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.

Certain amounts cannot be deducted

SECTION 295-495  

295-495   Amounts that cannot be deducted  

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These entities cannot deduct anything for these amounts:

Note:

For an explanation of the acronyms used, see section 295-35 .

Amounts that cannot be deducted
Item	This entity	Cannot deduct anything for:
1	CSF	* Superannuation benefits
2	N-CSF	* Superannuation benefits (except amounts paid as mentioned in item 4 of the table in section 295-490)
3	* RSA provider	* Superannuation benefits paid from, or amounts withdrawn from, * RSAs
4	* RSA provider	Amounts credited to * RSAs
4A	(Repealed by No 70 of 2015)
5	CSF N-CSF CADF N-CADF	A repayment of a grant of financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993
6	CSF N-CSF *RSA provider	An amount payable to a person under an income stream because of the person ' s temporary inability to engage in *gainful employment

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S 295-495 amended by No 141 of 2020, s 3 and Sch 4 item 87, by inserting table item 6, effective 1 January 2021 and applicable in relation to the 2007-08 income year and later income years.

S 295-495 amended by No 70 of 2015, s 3 and Sch 1 item 89, by repealing table item 4A, effective 1 July 2015. Table item 4A formerly read:

4A

* RSA provider that is also an *FHSA provider

Amounts credited to * FHSAs

S 295-495 amended by No 92 of 2008, s 3 and Sch 1 item 19, by inserting table item 4A, applicable from 1 October 2008.

S 295-495 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.

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