Document ID: chunk:federal_register_of_legislation:C2010C00184:clause:5_30
Version: federal_register_of_legislation:C2010C00184
Segment Type: clause
Provision Reference: sch 5 cl 30
Character Range: 141685–142221

30  After subsection 45‑365(1)
Insert:

Benchmark tax if you have no‑TFN contributions income

 (1A) In working out the benchmark tax of a *complying superannuation fund, *non‑complying superannuation fund or *RSA provider for the variation year, assume that the entity had no *no‑TFN contributions income for the variation year and that the entity was not entitled to a *tax offset for the variation year under Subdivision 295‑J of the Income Tax Assessment Act 1997.

Part 2—Technical corrections

Income Tax Assessment Act 1997