Section DV 1 — Income Tax Act 2007: Publicising superannuation funds

DV 1 Publicising superannuation funds When this section applies (1) This section applies when a superannuation fund incurs expenditure to which all the following apply: (a) it is incurred in developing, marketing, selling, promoting, or advertising the fund; and (b) it is not incurred in acquiring a building, equipment, land, machinery, or plant; and (c) it is assessable income of the recipient. Deduction (2) The superannuation fund is allowed a deduction for the expenditure. Link with subpart DA (3) This section supplements the general permission and overrides the capital limitation and the exempt income limitation. The other general limitations still apply. Defined in this Act: assessable income , capital limitation , deduction , exempt income limitation , general limitation , general permission , superannuation fund , supplement , Compare: 2004 No 35 s DV 1