Tax Laws Amendment (2009 Budget Measures No. 1) Act 2009 (62 of 2009)

Schedule 3 Excess contributions tax

Repeal the subsection, substitute:

(2) Your non-concessional contributions cap is:

(a) for the 2007-2008 *financial year - the amount that is 3 times your *concessional contributions cap for the year; and

(b) for the 2008-2009 financial year - the amount that is 3 times your concessional contributions cap for the year; and

(c) for the 2009-2010 financial year or a later financial year - the amount that is 6 times your concessional contributions cap for the year.