Superannuation — What is Meant By ‘Contribution’?
The Tax Office has released Taxation Ruling TR 2010/1 which explains the Commissioner’s views on the ordinary meaning of ‘contribution’, how a contribution can be made to a superannuation fund, and the timing of when a contribution is made. The Ruling also explains key aspects of the income tax rules for deducting employer superannuation contributions and personal contributions.

The Tax Office has released Taxation Ruling TR 2010/1 which explains the Commissioner’s views on the ordinary meaning of ‘contribution’, how a contribution can be made to a superannuation fund, and the timing of when a contribution is made. The Ruling also explains key aspects of the income tax rules for deducting employer superannuation contributions and personal contributions.











