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

8   At the end of Division 26

Add:

26-100 Division 293 tax cannot be deducted

You cannot deduct under this Act any of the following:

(a) an amount of *Division 293 tax that you pay;

(b) an amount of *debt account discharge liability that you pay.


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