INCOME TAX ASSESSMENT ACT 1997 - SECT 292.20 Amount in assessable income, and tax offset, relating to your non - concessional contributions
INCOME TAX ASSESSMENT ACT 1997 - SECT 292.20
Amount in assessable income, and tax offset, relating to your non - concessional contributionsYour assessable income for an income year includes an amount, and you are entitled to a * tax offset for the income year, if:
(a) you receive one or more * excess non - concessional contributions determinations for a * financial year that corresponds to the income year; and
(b) you are not liable to pay * excess non - concessional
contributions tax for the financial year on the full amount of the excess
stated in the most recent of those determinations.