Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteA person may apply to the Commissioner in the approved form for a transitional release authority under subsection (2). The application can only be made before 1 July 2007.
292-80A(2)
The Commissioner must give the person a transitional release authority if the Commissioner considers that, apart from subparagraph 292-80(3)(b)(i) , the person would have excess non-concessional contributions for the financial year mentioned in paragraph 292-80(3)(a) .
292-80A(3)
The transitional release authority must:
(a) state the amount of excess non-concessional contributions mentioned in subsection (2); and
(b) be dated; and
(c) contain any other information that the Commissioner considers relevant.
292-80A(4)
For the purposes of this section, disregard contributions made in respect of the person after 6 December 2006 in working out:
(a) whether the person has excess non-concessional contributions as mentioned in subsection (2); and
(b) the amount of those excess non-concessional contributions.
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