Document ID: chunk:federal_register_of_legislation:C2013A00082:clause:3_1:p4
Version: federal_register_of_legislation:C2013A00082
Segment Type: clause
Provision Reference: sch 3 cl 1 (pt 4/6)
Character Range: 17208–20323

be paid; and
 (b) ends on the last day on which, at the end of the day, any of the following remains unpaid:
 (i) the assessed Division 293 tax or the shortfall interest charge;
 (ii) general interest charge on any of the assessed Division 293 tax or the shortfall interest charge.
Note 1: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953.
Note 2: Shortfall interest charge is worked out under Division 280 in Schedule 1 to that Act.
Note 3: See section 5‑10 of this Act for when the amount of shortfall interest charge becomes due and payable.

Subdivision 293‑D—Modifications for defined benefit interests

Guide to Subdivision 293‑D

293‑100  What this Subdivision is about
      This Subdivision modifies the meaning of low tax contributions for individuals who have a defined benefit interest or interests in a financial year.

Table of sections

Operative provisions
293‑105 Low tax contributions—modification for defined benefit interests
293‑110 Effect of determination relating to refunded excess concessional contributions
293‑115 Defined benefit contributions

Operative provisions

293‑105  Low tax contributions—modification for defined benefit interests
  Despite section 293‑25, if you have a *defined benefit interest or interests in a *financial year, the amount of your low tax contributions for the financial year is worked out as follows:

      Method statement
           Step 1. Start with the low tax contributed amounts covered by section 293‑30 for the *financial year, to the extent to which they do not relate to the *defined benefit interest or interests.
           Step 2. Subtract your *excess concessional contributions for the *financial year (if any).
                  Note: The result of step 2 could be nil, or a negative amount.
           Step 3. Add your *defined benefit contributions for the *financial year in respect of the *defined benefit interest or interests.
            The result (but not less than nil) is the amount of your low tax contributions for the financial year.
Note: Modifications in Subdivision 293‑E (about constitutionally protected State higher level office holders) and Subdivision 293‑F (about Commonwealth justices) affect the amount of low tax contributions.

293‑110  Effect of determination relating to refunded excess concessional contributions
  Disregard any determination made by the Commissioner under section 292‑467 (about refunded excess concessional contributions) in working out, for the purposes of section 293‑105, the amount of your *excess concessional contributions for a *financial year.
Note: Disregarding a section 292‑467 determination stops refunded excess concessional contributions from being taxed under this Division.

293‑115  Defined benefit contributions
 (1) Your defined benefit contributions, for a *financial year in respect of a *defined benefit interest, has the meaning given by regulation.
Note: There are modifications in sections 293‑150 (about constitutionally protected State higher level office holders) and 293‑195 (about Commonwealth justices).
 (2) A