Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 293.25

    The amount of your low tax contributions for a * financial year is:

  (a)   the low tax contributed amounts covered by section   293 - 30 for the financial year; less

  (b)   your * excess concessional contributions for the financial year (if any).

Note 1:   Low tax contributions are modified for defined benefit interests (see Subdivision   293 - D).

Note 2:   Modifications in Subdivision   293 - E (about constitutionally protected State higher level office holders) and Subdivision   293 - F (about Commonwealth justices) affect the amount of low tax contributions.