Tax and Superannuation Laws Amendment (Increased Concessional Contributions Cap and Other Measures) Act 2013 (82 of 2013)

Schedule 3   Sustaining the superannuation contribution concession

Part 3   Application and transitional provisions

Income Tax (Transitional Provisions) Act 1997

39   Application

(1) Subject to this item, the amendments made by Parts 1 and 2 of this Schedule apply to the 2012-13 income year and later income years.

(2) Subitem (1) does not apply to item 1 of this Schedule.

No retrospective administrative penalty

(3) Despite subitem (1), the amendments made by this Schedule do not give rise to a liability to an administrative penalty under section 286-75 in Schedule 1 to the Taxation Administration Act 1953 for failing to do a thing by a particular day, if the day is before the day this Act receives the Royal Assent.

Modification for certain notice provisions

(4) Despite subitem (1), section 133-75 in Schedule 1 to the Taxation Administration Act 1953, as inserted by this Schedule, does not require the Commissioner to give a notice before 1 July 2014.