Document ID: chunk:federal_register_of_legislation:C2024C00267:section:3:p19
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 3 (pt 19/64)
Character Range: 446716–449651

subsection 292‑85(4) of the Income Tax Assessment Act 1997; and
 (b) that year was a first year within the meaning of subsection 292‑85(3) of that Act;
subsection 292‑85(7) of that Act as amended by the Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 applies after the commencement of this section as if:
 (c) the amount worked out under subsection 292‑85(5) of that Act as so amended were $460,000; and
 (d) subsection 292‑85(6) of that Act as so amended had been applied (taking into account paragraph (c) of this subsection) for the purposes of working out your non‑concessional contributions cap for the 2016‑2017 financial year.
 (2) For the purposes of working out your non‑concessional contributions caps for the 2017‑2018 financial year and the 2018‑2019 financial year, if:
 (a) your non‑concessional contributions cap for the 2016‑2017 financial year was worked out under subsection 292‑85(4) of the Income Tax Assessment Act 1997; and
 (b) that year was a first year within the meaning of subsection 292‑85(3) of that Act;
subsections 292‑85(6) and (7) of that Act as amended by the Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 apply after the commencement of this section as if the amount worked out under subsection 292‑85(5) of that Act as so amended were $380,000.
 (3) To avoid doubt, this section does not affect your non‑concessional contributions cap for any financial year that ended before 1 July 2017.

292‑90  Non‑concessional contributions for a financial year
  The tax free component of a directed termination payment (within the meaning of section 82‑10F) made in a financial year on behalf of you is not included in your non‑concessional contributions (see section 292‑90 of the Income Tax Assessment Act 1997) for the financial year.

Division 293—Sustaining the superannuation contribution concession

Table of Subdivisions
293‑A Application of Division 293 tax rules

Subdivision 293‑A—Application of Division 293 tax rules

Table of sections
293‑10 Application of Division 293 of the Income Tax Assessment Act 1997

293‑10  Application of Division 293 of the Income Tax Assessment Act 1997
  Division 293 of the Income Tax Assessment Act 1997 applies to the 2012‑13 income year and later income years.

Division 294—Transfer balance cap

Table of Subdivisions
294‑A Application of Division 294 of the Income Tax Assessment Act 1997
294‑B CGT relief

Subdivision 294‑A—Application of Division 294 of the Income Tax Assessment Act 1997

Table of sections
294‑10 Application of Division 294 of the Income Tax Assessment Act 1997
294‑30 Minor excess transfer balances disregarded if remedied in first 6 months
294‑55 Repayment of limited recourse borrowing arrangements
294‑80 Structured settlement contributions made before 1 July 2017—debit increased to match credits

294‑10  Application of Division 294 of the Income Tax Assessment Act 1997
 (1) Division