Required: Briefly explain the tax that the superannuation fund would pay on the contributions and earnings described below. For this particular question there is no need to cite authority (4 marks). Lisa is a 28 year old lawyer who is on a salary of approximately $130,000 a year. At the start of the current tax year, Lisa's superannuation balance was approximately $600,000. During the current tax year the following contributions were made into her superannuation account:

$16,000 of compulsory employer contributions;

$20,000 of funds that Lisa contributed to her own superannuation. Of this amount, she gave notice to the superannuation trustee that she intended to claim $6,000 as a tax deduction.

$2,000 which the employer contributed on top of the compulsory entitlements that it was required make, due to Lisa salary sacrificing this $2,000 amount before she had earned it.

The superannuation fund invests Lisa's superannuation funds during the current tax year, and earns $30,000 in interest, as well as $40,000 on capital gains on shares that it owned for 2 years.