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
68 Subsection 292-465(1)
Repeal the subsection, substitute:
(1) If you make an application in accordance with subsection (2), the Commissioner may make a written determination that, for the purposes of this Division, all or part of your *non-concessional contributions for a *financial year is to be:
(a) disregarded; or
(b) allocated instead for the purposes of another financial year specified in the determination.
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