Notice of Intent to Claim a Tax Deduction for Personal Super Contributions

NOTICE OF INTENT TO CLAIM A TAX DEDUCTION FOR PERSONAL SUPERANNUATION CONTRIBUTIONS

Document Control

• Effective Date: [Insert Date]
• Version: 2024.1
• Jurisdiction: Commonwealth of Australia / QSuper (ART)
• Regulatory Reference: Section 290-170 of the Income Tax Assessment Act 1997 (ITAA 1997)

1. LEGAL DISCLAIMER

This document constitutes a formal notice pursuant to section 290-170 of the ITAA 1997. The Member acknowledges that submitting this notice is a legal declaration. Important: Do not submit this form if you have already commenced a superannuation income stream (pension) using these funds, or if the trustee has already processed a partial withdrawal or rollover of these contributions. Failure to provide this notice to the fund trustee before filing your income tax return for the relevant financial year will result in the loss of tax deductibility.

2. PARTIES & MEMBER PARTICULARS

Fund Trustee: QSuper (part of Australian Retirement Trust) Member Full Legal Name: [Full Legal Name] Member Tax File Number (TFN): [TFN] Member Date of Birth: [DD/MM/YYYY] Member Account Number: [Account Number]

3. OPERATIVE CLAUSES

1. Notice of Intent: The Member hereby provides formal notice of their intention to claim a tax deduction for personal superannuation contributions made to the Fund during the financial year ending [30 June 20XX].
2. Quantum of Contribution: The Member specifies the total amount intended to be claimed as a tax deduction is: $ [Amount in Figures].
3. Acknowledgment of Status: The Member declares that they are eligible to claim a tax deduction under the requirements set forth by the Australian Taxation Office (ATO) and that the contributions identified are not currently subject to a "drought relief" or similar specific exemption unless explicitly stated.
4. Trustee Obligations: The Member acknowledges that the Fund Trustee will provide a written acknowledgment of this notice. The Member shall not claim the deduction in their tax return until such written acknowledgment from the Trustee has been received.
5. Irrevocability: The Member understands that this notice is irrevocable and may only be varied (not withdrawn) in accordance with regulatory limitations and strictly within the timeframes mandated by the ATO.

4. SIGNATURE & ACKNOWLEDGMENT

By signing below, I, [Full Legal Name], certify that the information provided is true and correct, and I acknowledge the legal consequences of this submission.

• Signature: __________________________
• Date: [Date]
• Printed Name: [Full Legal Name]

5. EXECUTION & ENFORCEMENT GUIDE

• Step 1: Verification: Ensure you have received a receipt or statement from QSuper confirming the personal contribution was received by the Fund.
• Step 2: Submission: Submit this completed and signed document to QSuper via their secure member portal, official email, or postal address designated for "Notice of Intent" forms.
• Step 3: Acknowledgment Receipt: Crucial: Do not proceed to your tax return until you receive a formal letter or email from QSuper acknowledging receipt of this notice. If you do not receive this acknowledgement, the ATO will disallow the deduction.
• Step 4: Record Retention: Retain a copy of both this signed notice and the Trustee’s acknowledgment for a minimum of five (5) years to satisfy ATO substantiation requirements.

Disclaimer: This document is provided for operational structuring purposes and does not constitute individual tax or financial advice. Consult with a qualified tax practitioner regarding your specific eligibility under the ITAA 1997.