Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016 (81 of 2016)

Schedule 1   Transfer balance cap

Part 3   Application and transitional provisions

Income Tax (Transitional Provisions) Act 1997

36   Application of amendments

(1) The amendments made by Part 1 (apart from items 4, 21, 22, 23, 24 and 25) apply on and after 1 July 2017.

Note: The application of the amendment made by item 4 is provided for in Division 294 of the Income Tax (Transitional Provisions) Act 1997.

(2) The amendments made by items 21, 22, 23, 24 and 25 apply in relation to exempt life insurance policies, and life insurance policies, held on and after 30 June 2017.

(3) The amendments made by Part 2 apply in relation to the financial year starting on 1 July 2017 and later financial years.