Tax Laws Amendment (Fairer Taxation of Excess Concessional Contributions) Act 2013 (118 of 2013)

Schedule 1   Fairer taxation of excess concessional contributions

Part 4   Repeal of excess concessional contributions tax

Income Tax Assessment Act 1997

54   Subsection 292-305(2)

Repeal the subsection, substitute:

(2) The original excess non-concessional contributions tax assessment day for a person for a *financial year is the day on which the Commissioner gives the first *excess non-concessional contributions tax assessment to the person for the financial year.