Commonwealth Consolidated Acts Commonwealth Consolidated ActsThis Subdivision reduces the superannuation tax concession for high income earners.
An individual's income is added to certain superannuation contributions and compared to the high income threshold of $250,000. A tax is payable on the excess, or on the superannuation contributions (whichever is less).
The tax is not payable in respect of excess concessional contributions.
Table of sections
Liability for tax
293 - 15 Liability for tax
293 - 20 Your taxable contributions
293 - 25 Your low tax contributions
293 - 30 Low tax contributed amounts