Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 291.25

  (1)   The amount of your concessional contributions for a * financial year is the sum of:

  (a)   each contribution covered under subsection   (2); and

  (b)   each amount covered under subsection   (3).

Note:   For rules about defined benefit interests, see Subdivision   291 - C.

  (2)   A contribution is covered under this subsection if:

  (a)   it is made in the * financial year to a * complying superannuation plan in respect of you; and

  (b)   it is included in the assessable income of the * superannuation provider in relation to the plan, or, by way of a * roll - over superannuation benefit, in the assessable income of a * complying superannuation fund or * RSA provider in the circumstances mentioned in subsection   290 - 170(5) (about successor funds); and

  (c)   it is not an amount mentioned in subsection   295 - 200(2); and

  (d)   it is not an amount mentioned in item   2 of the table in subsection   295 - 190(1); and

  (e)   it is not an amount mentioned in subsection   99G(6) of the Superannuation Industry (Supervision) Act 1993 that is refunded in accordance with that subsection.

  (3)   An amount in a * complying superannuation plan is covered under this subsection if it is allocated by the * superannuation provider in relation to the plan for you for the year in accordance with conditions specified in the regulations.

  (4)   For the purposes of paragraph   (2)(b), disregard:

  (a)   table item   5.3 in section   50 - 25 (about income tax exemption for constitutionally protected funds); and

  (b)   Subdivision   295 - D (about excluded contributions).