INCOME TAX ASSESSMENT ACT 1997 - SECT 293.1 What this Division is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 293.1
What this Division is aboutThis Division reduces the concessional tax treatment of certain superannuation contributions made for high income individuals.
The high income threshold is $250,000.
There are special rules for defined benefit interests, constitutionally protected State higher level office holders, certain Commonwealth justices and temporary residents who depart Australia.
Note: Part 3 - 20 in Schedule 1 to the Taxation Administration Act 1953 contains rules about the administration of the Division 293 tax.
293 - 5 Object of this Division