Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p56
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 56/80)
Character Range: 4483179–4486213

concessional contributions determination for the *financial year—must be given to the Commissioner within:
 (i) 60 days after receiving the determination; or
 (ii) a further period allowed by the Commissioner.

Notification
 (5) The Commissioner must give you:
 (a) a copy of the determination; or
 (b) if the Commissioner decides not to make a determination—notice of that decision.

Review
 (7) If you are dissatisfied with:
 (a) a determination made under this section in relation to you; or
 (b) a decision the Commissioner makes not to make such a determination;
you may object against the determination, or the decision, as the case requires, in the manner set out in Part IVC of the Taxation Administration Act 1953.
 (8) To avoid doubt:
 (a) subject to subsection 14ZVB(3) of the Taxation Administration Act 1953, you may also object, on the ground that you are dissatisfied with such a determination or decision, relating to all or part of your *concessional contributions for a *financial year:
 (i) under section 175A of the Income Tax Assessment Act 1936 against an assessment made in relation to you for the corresponding income year; or
 (ii) under section 97‑10 in Schedule 1 to the Taxation Administration Act 1953 against an *excess concessional contributions determination made in relation to you for the financial year; and
 (b) for the purposes of paragraph (e) of Schedule 1 to the Administrative Decisions (Judicial Review) Act 1977, the making of a determination under this section is a decision forming part of the process of making an assessment of tax, and making a calculation of charge, under this Act.

Division 292—Excess non‑concessional contributions

Table of Subdivisions
 Guide to Division 292
292‑A Object of this Division
292‑B Assessable income and tax offset
292‑C Excess non‑concessional contributions tax
292‑E Excess non‑concessional contributions tax assessments
292‑F Amending excess non‑concessional contributions tax assessments
292‑G Collection and recovery
292‑H Other provisions

Guide to Division 292

292‑1  What this Division is about

      This Division limits the superannuation contributions made in a financial year that receive concessional tax treatment.
      You become liable for tax if:
             (a) your non‑concessional contributions exceed an indexed cap; and
             (b) a corresponding amount is not released from your superannuation interests.
      An amount may be included in your assessable income, and you may become entitled to a tax offset, if your non‑concessional contributions exceed that indexed cap.

Subdivision 292‑A—Object of this Division

Table of sections
292‑5 Object of this Division

292‑5  Object of this Division
  The object of this Division is to ensure, in relation to non‑concessional contributions to superannuation, that the amount of concessionally taxed *superannuation benefits that an individual receives results from contributions that have been made gradually over the course of the individual's life.
Note: Division 291