Document ID: chunk:federal_register_of_legislation:C2017C00177:clause:10_8
Version: federal_register_of_legislation:C2017C00177
Segment Type: clause
Provision Reference: sch 10 cl 8
Character Range: 143375–144018

8  Section 292‑15
Repeal the section, substitute:

292‑15  What this Subdivision is about

      An amount is included in your assessable income, and you are entitled to a tax offset, if:
             (a) your non‑concessional contributions exceed an indexed cap; and
             (b) you are not liable to pay excess non‑concessional contributions tax for the financial year on the full amount of the excess.
      This amount included in your assessable income relates to:
             (a) your associated earnings on those excess contributions; and
             (b) any amounts that have been released from your superannuation interests.