Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The assessable income of an entity includes amounts as set out in this table.
Note: For an explanation of the acronyms used, see section 295 - 35.
Personal contributions and roll - over amounts included in assessable income | ||
Item | Assessable income of this entity: | Includes: |
1 | CSF | A contribution: (a) made to the CSF or * RSA; and (b) covered by a valid and acknowledged notice given to the * superannuation provider of the CSF or RSA under section 290 - 170 |
2 | CSF CADF N - CADF | A * roll - over superannuation benefit that an individual is taken to receive under section 307 - 15 to the extent that: (a) it consists of an * element untaxed in the fund (other than an element untaxed in the fund under subsection 307 - 290(4)); and (b) is not an * excess untaxed roll - over amount for that individual |
2A | CSF | A * roll - over superannuation benefit that an individual is taken to receive under section 307 - 15 to the extent that: (a) the CSF or * RSA is a * successor fund; and (b) the benefit relates to a contribution that, before it was transferred to the successor fund, was not covered by a valid and acknowledged notice given to any * superannuation provider under section 290 - 170; and (c) while the benefit is held in the successor fund, the contribution becomes covered by a valid and acknowledged notice given to the superannuation provider of the successor fund under that section |
3 | CSF CADF | The * taxable component of a directed termination payment (within the meaning of section 82 - 10F of the Income Tax (Transitional Provisions) Act 1997 ) |
(1A) Items 2 and 2A of the table in subsection (1) do not apply to a * roll - over superannuation benefit that is a * departing Australia superannuation payment made under subsection 20H(2), (2AA) or (2A) of the Superannuation (Unclaimed Money and Lost Members) Act 1999 .
Income years in which amounts are included in assessable income
(2) A contribution referred to in item 1 is included in the income year in which it is received if the notice is received by the * superannuation provider by the day the provider lodges its * income tax return for that income year.
(3) Otherwise it is included in the income year in which the notice is received.
(4) A payment referred to in item 2 or 3 is included in the income year in which it is received by the * superannuation provider.
(5) A benefit referred to in item 2A is included in the income year in which it is received if the notice is received by the * superannuation provider by the day the provider lodges its * income tax return for that income year.
(6) Otherwise it is included in the income year in which the notice is received.