Superannuation Laws Amendment (MySuper Capital Gains Tax Relief and Other Measures) Act 2013 (89 of 2013)

Schedule 1   Loss relief and asset roll-over for transfer of amounts to a MySuper product

Part 3   Repeals and related amendments

Income Tax Assessment Act 1997

25   Application

(1) The amendments made by items 19, 20, 21 and 22 apply in relation to:

(a) notices given under section 290-170 of the Income Tax Assessment Act 1997 on or after the commencement of this item; and

(b) notices of variation given under section 290-180 of that Act on or after the commencement of this item (whether the notices being varied were given before, on or after the commencement of this item).

(2) If, before the commencement of this item, paragraph 290-180(6)(a) of the Income Tax Assessment Act 1997 applied to the transfer of an accrued default amount to a superannuation fund:

(a) section 290-180 of that Act as amended by this Part applies after that commencement to a variation of a valid notice in relation to a contribution related to that accrued default amount as if subsection 290-180(6) of that Act had not been repealed by this Part; and

(b) table item 2A of subsection 295-490(1) of that Act as amended by this Part applies after that commencement as if references in that table item to a successor fund included references to that superannuation fund.