Tax Laws Amendment (2009 Budget Measures No. 1) Act 2009 (62 of 2009)
Schedule 3 Excess contributions tax
Income Tax (Transitional Provisions) Act 1997
11 Subsection 292-20(2)
Repeal the subsection, substitute:
(2) Despite section 292-20 of the Income Tax Assessment Act 1997, your concessional contributions cap for that financial year is:
(a) if the year is the 2007-2008 financial year - $100,000; or
(b) if the year is the 2008-2009 financial year - $100,000; or
(c) if the year is the 2009-2010 financial year - $50,000; or
(d) if the year is the 2010-2011 financial year - $50,000; or
(e) if the year is the 2011-2012 financial year - $50,000.
Note: This amount is not indexed.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).