Tax and Superannuation Laws Amendment (2012 Measures No. 1) Act 2012 (75 of 2012)

Schedule 4   Refund of excess concessional contributions

Part 2   Other amendments

Taxation Administration Act 1953

15   At the end of section 280-100 in Schedule 1

Add:

(4) Despite subsection (1), you are not liable to pay *shortfall interest charge to the extent that the additional amount relates to assessable income mentioned in paragraph 292-467(2)(a) of the Income Tax Assessment Act 1997 (refunded excess concessional contributions).