(1) A contribution made to a * complying superannuation plan in respect of an individual is covered by this section if it is made because the individual agreed with an entity, or an * associate of an entity:
(a) for the contribution to be made; and
(b) in return, for the * withholding payments covered by subsection (2) that are to be made to the individual by the entity to be reduced (including to nil).
(2) This subsection covers a * withholding payment covered by any of the provisions in Schedule 1 to the Taxation Administration Act 1953 listed in the table.
Withholding payments covered | ||
Item | Provision | Subject matter |
1 | Payment to employee | |
2 | Section 12 - 40 | Payment to company director |
3 | ||
4 | Voluntary agreement to withhold | |
5 | Section 12 - 60 | Payment under labour hire arrangement, or specified by regulations |