Federal Register of Legislation
Taxation Laws Amendment (Superannuation Contributions) Act 2001
No. 89, 2001
An Act to amend the law relating to taxation, and for related purposes
Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................
Schedule 1—Superannuation contributions
Part 1—Income Tax Assessment Act 1936
Part 2—Income Tax Assessment Act 1997
Part 3—Fringe Benefits Tax Assessment Act 1986
Part 4—Application and transitional provisions
Taxation Laws Amendment (Superannuation Contributions) Act 2001
No. 89, 2001
An Act to amend the law relating to taxation, and for related purposes
[Assented to 18 July 2001]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Taxation Laws Amendment (Superannuation Contributions) Act 2001.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Superannuation contributions
Part 1—Income Tax Assessment Act 1936
1 Paragraph 67AAA(1)(b) Omit "or 82AAE".
2 Subsection 73B(1) (definition of contributions to superannuation funds) Omit "or 82AAE".
3 Subsection 82AAA(1) (definition of eligible employee) After "means", insert "a person other than the taxpayer who is".
4 Section 82AAE Repeal the section.
Part 2—Income Tax Assessment Act 1997
5 Section 12‑5 (table item headed "contributions to non‑complying funds" under "superannuation—employer contributions") Omit ", 82AAE", substitute ", 26‑75".
6 At the end of Division 26 Add:
26‑75 Contributions to non‑complying superannuation funds
You cannot deduct under this Act an amount you pay as a contribution to a *non‑complying superannuation fund.
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