Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe * tax offset is equal to 15% of the amount included in your assessable income for the income year under section 292 - 25.
Note 1: This tax offset compensates for any tax liability of the superannuation provider on earnings from investments made with the contributions making up the excess amount stated in the most recent determination.
Note 2: This offset cannot be refunded, transferred or carried forward (see item 20 of the table in subsection 63 - 10(1)).