Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 (81 of 2016)
Schedule 1 Transfer balance cap
Part 1 Transfer balance cap
Income Tax Assessment Act 1997
2 After section 26-98
Insert:
26-99 Excess transfer balance tax cannot be deducted
You cannot deduct under this Act an amount of *excess transfer balance tax that you pay.
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