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

29   After section 96-10 in Schedule 1


96-12 Release authorities for elections under section 96-7

(1) The Commissioner must issue one or more release authorities under this section if you make a valid election under paragraph 96-7(1)(a).

(2) A release authority may be issued to:

(a) a *superannuation provider identified in the election; or

(b) any other superannuation provider who holds one or more *superannuation interests for you.

(3) Each release authority must:

(a) state the total amount to be released by the *superannuation provider from *superannuation interests held by the provider for you; and

(b) be dated; and

(c) contain any other information that the Commissioner considers relevant.