Income Tax Assessment Act 1997

Part 3-30 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.

Div 292 heading substituted by No 21 of 2015, s 3 and Sch 1 item 5, applicable in relation to non-concessional contributions for the 2013-14 financial year and later financial years. The heading formerly read:

Division 292 - Excess non-concessional contributions tax

Div 292 heading amended by No 118 of 2013, s 3 and Sch 1 item 42, by inserting " non-concessional " , effective 29 June 2013. For application, transitional and saving provisions see note under Div 291 heading.

Div 292 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 financial year and later years.

Subdiv 292-E heading amended by No 118 of 2013, s 3 and Sch 1 item 46, by inserting " non-concessional " , effective 29 June 2013. For application, transitional and saving provisions see note under Div 291 heading.

Subdiv 292-E inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 financial year and later years.

S 292-230(3) repealed by No 81 of 2016, s 3 and Sch 10 item 78, effective 1 January 2017 and applicable to documents (however described) that the Commissioner gives on or after 1 July 2017 under taxation laws. S 292-230(3) formerly read:

292-230(3)
The notice may be included in a notice of any other assessment under this Act.

S 292-230 substituted by No 118 of 2013, s 3 and Sch 1 item 48, effective 29 June 2013. For application, transitional and saving provisions see note under Div 291 heading. S 292-230 formerly read:

SECTION 292-230 Commissioner must make an excess contributions tax assessment  
292-230(1)
The Commissioner must make an assessment (an excess contributions tax assessment ) of:

(a) if a person has *excess concessional contributions for a *financial year - the amount of the excess concessional contributions; and

(b) the amount (if any) of *excess concessional contributions tax which the person is liable to pay in relation to the financial year.

292-230(2)
The Commissioner must make an assessment (also an excess contributions tax assessment ) of:

(a) if a person has *excess non-concessional contributions for a financial year - the amount of the excess non-concessional contributions; and

(b) the amount (if any) of *excess non-concessional contributions tax which the person is liable to pay in relation to the financial year.

292-230(3)
The Commissioner must give the person notice in writing of an *excess contributions tax assessment as soon as practicable after making the assessment.

292-230(4)
The notice may be included in a notice of any other assessment under this Act (including an assessment under this section).

S 292-230 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 financial year and later years.