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

Schedule 3   Excess contributions tax

Income Tax Assessment Act 1997

5   Paragraph 960-285(2)(a)

Repeal the paragraph, substitute:

(a) firstly:

(i) if the amount is mentioned in item 9 in section 960-265 (concessional contributions cap) - multiplying the amount for the 2009-2010 financial year by its *indexation factor mentioned in subsection (3A); or

(ii) otherwise - multiplying the amount for the 2007-2008 income year or financial year by its indexation factor mentioned in subsection (4); and