26‑1 What this Division is about26‑1 What this Division is about

#### 26‑1 What this Division is about This Division sets out some amounts that you cannot deduct, or that you cannot deduct in full. Table of sections Operative provisions 26‑5 Penalties 26‑10 Leave payments 26‑15 Franchise fees windfall tax 26‑17 Commonwealth places windfall tax 26‑19 Rebatable benefits 26‑20 Assistance to students 26‑22 Political contributions and gifts 26‑25 Interest or royalty 26‑25A Payments to employees—labour mobility programs 26‑26 Non‑share distribution and dividends 26‑30 Relative’s travel expenses 26‑31 Travel related to use of residential premises as residential accommodation 26‑35 Reducing deductions for amounts paid to related entities 26‑40 Maintaining your family 26‑45 Recreational club expenses 26‑47 Non‑business boating activities 26‑50 Expenses for a leisure facility 26‑52 Bribes to foreign public officials 26‑53 Bribes to public officials 26‑54 Expenditure relating to illegal activities 26‑55 Limit on deductions 26‑60 Superannuation contributions surcharge 26‑68 Loss from disposal of eligible venture capital investments 26‑70 Loss from disposal of venture capital equity 26‑75 Excess non‑concessional contributions tax cannot be deducted 26‑80 Financing costs on loans to pay superannuation contribution 26‑85 Borrowing costs on loans to pay life insurance premiums 26‑90 Superannuation supervisory levy 26‑95 Superannuation guarantee charge 26 96 Laminaria and Corallina decommissioning levy cannot be deducted 26‑97 National Disability Insurance Scheme expenditure 26‑98 Division 293 tax cannot be deducted 26‑99 Excess transfer balance tax cannot be deducted 26‑99B Build to rent development misuse tax cannot be deducted 26‑99C Australian IIR/UTPR tax and Australian DMT tax cannot be deducted 26‑100 Expenditure attributable to water infrastructure improvement payments 26‑102 Expenses associated with holding vacant land 26‑105 Non‑compliant payments for work and services