Tax Laws Amendment (Fairer Taxation of Excess Concessional Contributions) Act 2013 (118 of 2013)
Schedule 1 Fairer taxation of excess concessional contributions
Part 4 Repeal of excess concessional contributions tax
Income Tax Assessment Act 1997
38 Section 12-5 (table item headed "excess contributions tax")
Repeal the item, substitute:
|
excess non-concessional contributions tax |
|
|
no deduction |
26-75 |