Notice of Withdrawal
TR 2010/1DC, which issued on 28 July 2021, outlined: • proposed changes to TR 2010/1 to explain the interactions between the non-arm's length income provisions and the rules concerning superannuation contributions • a proposed compliance approach in Appendix 2 • changes to reflect the removal of the maximum earnings test for the purpose of deducting personal contributions that commenced from 1 July 2017.
TR 2010/1DC has been replaced by Draft Taxation Ruling TR 2010/1DC2 Income tax: superannuation contributions which issued today. TR 2010/1DC2 includes: • our preliminary view as to the interaction between the non-arm's length income provisions, as amended by Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Act 2024, and the rules concerning superannuation contributions • updates to reflect the removal of the maximum earnings test for the purpose of deducting personal contributions that commenced from 1 July 2017 • removal of the compliance approach proposed in Appendix 2 of TR 2010/1DC with effect from the date of publication of TR 2010/1DC2.
Given the amendments to the non-arm's length income provisions as a result of the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Act 2024 , TR 2010/1DC2 has been issued to allow an opportunity for feedback.