Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 292.25

             (1)  The amount of your concessional contributions for a * financial year is the sum of:

                     (a)  each contribution covered under subsection (2); and

                     (b)  each amount covered under subsection (3).

Note:          For rules about defined benefit interests, see Subdivision 292-D.

             (2)  A contribution is covered under this subsection if:

                     (a)  it is made in the * financial year to a * complying superannuation plan in respect of you; and

                     (b)  it is included in the assessable income of the * superannuation provider in relation to the plan, or, by way of a * roll-over superannuation benefit, in the assessable income of a * complying superannuation fund or * RSA provider in the circumstances mentioned in subsection 290-170(5) (about successor funds); and

                     (c)  it is not any of the following:

                              (i)  an amount mentioned in subsection 295-200(2);

                             (ii)  an amount mentioned in item 2 of the table in subsection 295-190(1);

                            (iii)  a contribution made to a * constitutionally protected fund .

             (3)  An amount in a * complying superannuation plan is covered under this subsection if it is allocated by the * superannuation provider in relation to the plan for you for the year in accordance with conditions specified in the regulations.

             (4)  Disregard Subdivision 295-D for the purposes of paragraph (2)(b).