Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 (81 of 2016)

Schedule 1   Transfer balance cap

Part 1   Transfer balance cap

Taxation Administration Act 1953

18   Subsection 155-30(3) in Schedule 1

Repeal the subsection, substitute:

(3) This section does not apply to the following *assessable amounts:

(a) the *Division 293 tax payable by you in relation to an income year in relation to your *taxable contributions for the income year;

(b) the *excess transfer balance tax payable by you for an *excess transfer balance period.