Operative provisions 293105 for defined benefit Low tax contributions—modification interests Despite section 29325, if you have a benefit interest or *defined interests in a year, the amount of your low tax *financial for the financial year is worked out as follows: contributions Method statement Step 1. Start with the low tax contributed amounts covered by section 29330 for the year, to the extent to *financial which they do relate to the benefit interest or not *defined interests. Step 2. Subtract your concessional contributions for the *excess year (if any). *financial Note: The result of step 2 could be nil, or a negative amount. Step 3. Add your benefit contributions for the *defined *financial year in respect of the benefit interest or interests. *defined The result (but not less than nil) is the amount of your for the financial year. low tax contributions Note: Modifications in Subdivision 293E (about constitutionally protected State higher level office holders) and Subdivision 293F (about Commonwealth justices) affect the amount of low tax contributions. 293115 Defined benefit contributions (1) Your for a year in respect defined benefit contributions, *financial of a benefit interest, has the meaning given by regulation. *defined Note: There are modifications in sections 293150 (about constitutionally protected State higher level office holders) and 293195 (about Commonwealth justices).
Operative provisions 293105 Low tax contributions—modification for defined benefit interests Despite section 29325, if you have a *defined benefit interest or interests in a *financial year, the amount of your low tax contributions for the financial year is worked out as follows: Method statement Step 1. Start with the low tax contributed amounts covered by section 29330 for the *financial year, to the extent to which they do not relate to the *defined benefit interest or interests. Step 2. Subtract your *excess concessional contributions for the *financial year (if any). Note: The result of step 2 could be nil, or a negative amount. Step 3. Add your *defined benefit contributions for the *financial year in respect of the *defined benefit interest or interests. The result (but not less than nil) is the amount of your low tax contributions for the financial year. Note: Modifications in Subdivision 293E (about constitutionally protected State higher level office holders) and Subdivision 293F (about Commonwealth justices) affect the amount of low tax contributions. 293115 Defined benefit contributions (1) Your defined benefit contributions, for a *financial year in respect of a *defined benefit interest, has the meaning given by regulation. Note: There are modifications in sections 293150 (about constitutionally protected State higher level office holders) and 293195 (about Commonwealth justices).