Document ID: chunk:federal_register_of_legislation:C2007A00009:clause:1_4
Version: federal_register_of_legislation:C2007A00009
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 135672–136879

4                 Entity that is a N‑CSF and has been since 1 July 1988, or since it came into existence if that was later  An amount paid to an entity who includes it in assessable income under section 290‑100                                                                                                                                                                                                                                   It is included in the entity's assessable income

 (2) A fund cannot deduct an amount under item 3 of the table for a levy imposed by regulations under section 6 of the Superannuation (Financial Assistance Funding) Levy Act 1993 to the extent that:
 (a) the levy is remitted; or
 (b) there is a refund or other application of an overpayment of the levy.

 (3) No other provision of this Act affects a fund's income tax liability in relation to the levy.

Certain amounts cannot be deducted

295‑495  Amounts that cannot be deducted

  These entities cannot deduct anything for these amounts:

Note: For an explanation of the acronyms used, see section 295‑35.

Amounts that cannot be deducted
Item                             This entity    Cannot deduct anything for: