Tax and Superannuation Laws Amendment (2012 Measures No. 1) Act 2012 (75 of 2012)
Schedule 4 Refund of excess concessional contributions
Part 2 Other amendments
Taxation Administration Act 1953
16 At the end of section 288-95 in Schedule 1
Add:
(3) A *superannuation provider that has been issued with a release authority in accordance with section 292-420 of the Income Tax Assessment Act 1997 and that fails to comply with paragraph 292-420(4)(a) of that Act is liable to an administrative penalty of 20 penalty units.
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