Document ID: chunk:federal_register_of_legislation:C2010C00673:body:0:p42
Version: federal_register_of_legislation:C2010C00673
Segment Type: other
Provision Reference: 
Character Range: 101780–104680

under that Act.
  "(4) Section 39 of the Superannuation Industry (Supervision)
Act 1993 applies for the purposes of subsection (3) of this
section in a corresponding way to the way in which it applies
for the purposes of Division 2 of Part 5 of that Act.
Deduction for contribution to non-complying superannuation fund
  "82AAE. A deduction is allowable under this Subdivision in
respect of an amount paid by a taxpayer as a contribution to a
non-complying superannuation fund (as defined by subsection
267(1)) for the purpose of making provision for superannuation
benefits for an eligible employee other than such an employee
who is an exempt visitor to Australia for the purposes of
section 517 in relation to the year of income in which the
amount is paid.".
  40. Subsection 82AAR(1):

Insert "superannuation" before "fund".
  41. Application
The amendments made by this Division apply in relation to
contributions made to a fund in the 1994-95 year of income of
the fund or in a later year of income.
       Division 7 - Definition of taxable contributions
  42. Object
The object of this Division is to make amendments relating to
the definition of "taxable contributions".
  43. Subsection 267(1):
Omit the definitions of "Commission's superannuation
principles", "eligible superannuation contributions",
"industrial tribunal", "superannuation agreement",
"superannuation agreement contribution" and "tax-exempt
entity".
  44. Paragraph 274(1)(a):
Omit the paragraph, substitute:
  "(a) if the eligible entity is a resident superannuation fund
in relation to the year of income in which the contributions
are made:
    (i) contributions made for the purpose of making provision
for superannuation benefits for another person, other than
contributions made by a person that is, when the contributions
are made, a trustee of:
      (A) an exempt life assurance fund (within the meaning of
Division 6C of Part III); or
      (B) a complying superannuation fund, a complying ADF or a
PST;
    (ii) a specified roll-over amount;
  (aa) if the eligible entity is a non-resident superannuation
fund in relation to the year of income in which the
contributions are made - contributions made for the purpose of
making provision for superannuation benefits for another person
(other than a person who is an exempt visitor to Australia for
the purposes of section 517 in relation to the year of income
to which the contributions relate) to the extent that the
contributions relate to a period in which the other person is
or was:
    (i) a resident of Australia; or
    (ii) a non-resident who derives assessable income that
consists of or includes salary or wages (within the meaning of
Division 2 of Part VI);".
  45. Paragraph 274(1)(b):
After "complying superannuation fund", insert "in relation to
the year of income in which the contributions are paid".
  46. Subsection 274(7):
Omit "subparagraph