Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 292.103

  (1)   A contribution is covered by this section if:

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

  (b)   the contribution is made in the financial year beginning on 1   July 2021, or a later financial year ending on or before 30   June 2030; and

  (c)   one or more amounts (the COVID - 19 early release amounts ) have been paid to you from a complying superannuation plan, in either or both of the financial years beginning on 1   July 2019 or 1   July 2020, because you satisfied:

  (i)   a condition of release specified in item   107A or 207AA of the table in Schedule   1 to the Superannuation Industry (Supervision) Regulations   1994 ; or

  (ii)   a condition of release specified in item   109AA of the table in Schedule   2 to the Retirement Savings Accounts Regulations   1997 ; and

  (d)   the amount of the contribution is not more than the total of your COVID - 19 early release amounts; and

  (e)   if you made one or more previous contributions covered by this section--the sum of:

  (i)   the amount of the contribution; and

  (ii)   the amounts of those previous contributions;

    is not more than the total of your COVID - 19 early release amounts; and

  (f)   you choose, in accordance with subsection   (2), to apply this section to the contribution.

  (2)   To make a choice for the purposes of paragraph   (1)(f), you must:

  (a)   make the choice in the * approved form; and

  (b)   give it to the * superannuation provider in relation to the * complying superannuation plan on or before the time when the contribution is made.