Superannuation Legislation Amendment Act 2010 (117 of 2010)

Schedule 4   Other amendments

Part 4   Excess contributions tax

Income Tax Assessment Act 1997

27   Paragraphs 292-465(2)(a) and (b)

Repeal the paragraphs, substitute:

(a) after all of the contributions sought to be disregarded or reallocated have been made; and

(b) if you receive an *excess contributions tax assessment for the *financial year - before the end of:

(i) the period of 60 days starting on the day you receive the assessment; or

(ii) if the Commissioner allows a longer period - that longer period.