97-20
CurrentWhat this Subdivision is about
Volume 2Schedule 1, Chapter 2, Part 2-10 to Chapter 4, Part 4-25 (sections 45-1 to 298-110)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 2Collection, recovery and administration of income tax
Part 2-35Excess superannuation contributions
Division 97Excess contributions determinations
Subdivision 97-BExcess non‑concessional contributions determinations
97-20 What this Subdivision is about
The Commissioner must give you a determination stating:
(a)
the amount by which your non‑concessional contributions exceed your non‑concessional contributions cap; and
(b)
a proxy amount for your associated earnings on this excess; and
(c)
the total amount that can be released from your superannuation interests in relation to this excess and those earnings.
Table of sections
Operative provisions
97‑25 Excess non‑concessional contributions determinations
97‑30 Associated earnings
97‑35 Review
Operative provisions
This Act’s bill:Second reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.