Technically Speaking: Classification and allocation of contributions

Taxation Ruling TR 2010/1, which was issued by the Australian Taxation Office (ATO) on 25 February 2010 identifies and provides examples of transactions which do and do not constitute a contribution for the purposes of the contribution caps. However, the way in which a transaction which constitutes a contribution can or should be allocated to a fund member’s account and classified for tax purposes (i.e. concessional or non-concessional), is not addressed in TR 2010/1.

The contents of this resource are taken to be correct at the time of publication.

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