Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 2/2)
Character Range: 4624261–4625623

Making this choice effectively shifts the liability for tax on the contributions to the recipient of the benefit. The benefit is treated as an element untaxed in the fund: see Subdivision 301‑C.
 (3) However, the choice cannot be made for an income year for an amount that exceeds the sum of amounts covered by notices given by the trustee under section 307‑285 for *superannuation benefits paid in the income year.
 (4) A choice under this section cannot be revoked or withdrawn.
 (5) A choice under this section cannot be made in relation to a *public sector superannuation scheme that comes into operation after 5 September 2006.

295‑185  Exception—temporary residents
  Item 2 of the table in section 295‑160 does not include a contribution in the assessable income of an entity if the individual (for whom it was made) is a *temporary resident at the end of the income year to which the contribution relates.

Personal contributions and roll‑over amounts

295‑190  Personal contributions and roll‑over amounts
 (1) The assessable income of an entity includes amounts as set out in this table.
Note: For an explanation of the acronyms used, see section 295‑35.

Personal contributions and roll‑over amounts included in assessable income
Item                                                                        Assessable income of this entity:  Includes: