what is included in income for division 293
Division 293 of the ITAA 97 creates a tax on high income individuals who receive concessional superannuation contributions.Such individuals will have an additional 15% tax rate apply to some or all of their concessional contributions if their income exceeds $ 300,000.ivision 293 of the ITAA 97 creates a tax on high income individuals who receive concessional superannuation contributions.