Tax Laws Amendment (Fairer Taxation of Excess Concessional Contributions) Act 2013 (118 of 2013)
Schedule 1 Fairer taxation of excess concessional contributions
Part 3 Other consequential amendments
Taxation Administration Act 1953
35 Subsection 288-95(3) in Schedule 1
Repeal the subsection, substitute:
(3) A *superannuation provider that fails to comply with section 96-20 (about release authority for excess concessional contributions) is liable to an administrative penalty of 20 penalty units.