Document ID: chunk:federal_register_of_legislation:C2010C00222:clause:1_25
Version: federal_register_of_legislation:C2010C00222
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 6668–7277

25  Subsection 295‑555(1)
Repeal the subsection, substitute:

 (1) The taxable income of an *RSA provider is split into:
 (a) an *RSA component; and
 (b) if the RSA provider is also an *FHSA provider—an *FHSA component; and
 (c) a *standard component.

Note: The RSA component and the FHSA component (if applicable) are taxed at the same concessional rate that applies to the low tax component of complying superannuation funds, complying approved deposit funds and pooled superannuation trusts (see section 23 of the Income Tax Rates Act 1986). The standard component is taxed at the standard company rate.