Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 (21 of 2015)
Schedule 1 Excess non-concessional superannuation contributions tax reforms
Taxation Administration Act 1953
40 Subsection 96-35(3) in Schedule 1
Repeal the subsection, substitute:
(3) A notice under this section must be given in the *approved form:
(a) within 7 days after the release authority is issued, if the release authority was issued under section 96-10; or
(b) within 21 days after the release authority is issued (or a further period allowed by the Commissioner), if the release authority was issued under section 96-12.
Note: Subsection 286-75(1) provides for an administrative penalty for failing to comply with this section.