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elee

33,506 Posts.

97

08/03/24

10:04

Post #: 72808262
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Originally posted by moneyback: ↑

i just got stung for Div 293 tax. and then reading about it i saw this little gem:

Exemption for Higher levels of office
Division 293 for higher level office holdersState higher level office holdersIf you're classified as a state higher level office holder who makes certain super contributions to a constitutionally protected fund (CPF), you're exempt from having Division 293 tax applied to those super contributions. You're a state higher level officer holder if you are:
a minister of the government of a state
a member of the staff of a minister of the government of a state
the governor of a statea member of staff of the governor of a state
a member of the parliament of a state
the clerk of a house of the parliament of a state
the head of a department of the public service of a state or a statutory office holder of equivalent seniority, including a statutory office holder who is the head of an instrumentality or agency of a state
a judge, justice or magistrate of the court of a state.
If at any time in the income year, you fall within the category of a state higher level office holder you will be treated as being a state higher level office holder for the entire income year.

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great - looks like you can tip toe around the corridors of power.
pls send us timely juicy tips/news ... & keep an eye on all the commie spies scattered around
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Socialism, page-56

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Socialism, page-56

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