Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) You cannot revoke or withdraw a valid notice in relation to the contribution (or a part of the contribution).
(2) You can vary a valid notice, but only so as to reduce the amount stated in relation to the contribution (including to nil). You do so by giving notice to the trustee or the * RSA provider in the * approved form.
(3) However, you cannot vary a valid notice after:
(a) if you have lodged your * income tax return for the income year in which the contribution was made on a day before the end of the next income year--the end of that day; or
(b) otherwise--the end of the next income year.
(3A) The variation is not effective if, when you make it:
(a) you were not a member of the fund or the holder of the * RSA; or
(b) the trustee or * RSA provider no longer holds the contribution; or
(c) the trustee or RSA provider has begun to pay a * superannuation income stream based in whole or part on the contribution.
(4) Subsection (3) does not apply to a variation if:
(a) you claimed a deduction for the contribution (or a part of the contribution); and
(b) the deduction is not allowable (in whole or in part); and
(c) the variation reduces the amount stated in relation to the contribution by the amount not allowable as a deduction.
Application to successor funds
(5) Subsections (2) and (3A) apply as if:
(a) the reference in subsection (3A) to the fund or * RSA were a reference to a * successor fund; and
(b) references in those subsections to the trustee or * RSA provider were references to the trustee or RSA provider of the successor fund;
if, after a valid notice is given under section 290 - 170 in relation to the contribution, all of the * superannuation interest to which the notice relates is transferred to the successor fund.
Table of sections
290 - 230 Offset for spouse contribution
290 - 235 Limit on amount of tax offsets
290 - 240 Tax file number