Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 293.160

Salary packaged contributions

  (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

Section   12 - 35

Payment to employee

2

Section   12 - 40

Payment to company director

3

Section   12 - 45

Payment to office holder

4

Section   12 - 55

Voluntary agreement to withhold

5

Section   12 - 60

Payment under labour hire arrangement, or specified by regulations



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