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.

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).