26AA
CurrentRestoration of death benefit previously reduced to offset contribution tax liabilities
Part 4Benefits
26AA Restoration of death benefit previously reduced to offset contribution tax liabilities
(1)
STC may, for the purposes of obtaining a deduction from assessable income under section 295-485 of the Income Tax Assessment Act 1997 of the Commonwealth, increase a benefit payable or paid under this Act on the death of an employee or former employee that has been previously reduced under section 26A.
(2)
The amount of the increase is to be the amount determined by STC, after obtaining actuarial advice, as the amount of increase required to obtain the deduction referred to in subsection (1).
(3)
(Repealed)
This Act’s bill:Explanatory memorandum
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