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

Schedule 1   Fairer taxation of excess concessional contributions

Part 7   Application, transitional and saving provisions

Division 2   Saving provisions

118   Saving of determination about discretion to disregard contributions

Determination relating to concessional contributions

(1) This item applies to a determination if:

(a) the determination was made under section 292-465 of the Income Tax Assessment Act 1997 in relation to concessional contributions for a financial year; and

(b) the determination was in force immediately before the commencement of this item.

(2) The determination has effect, after the commencement of this item, as if it had been made under section 291-465 of that Act as amended by this Act.

Determination relating to non-concessional contributions

(3) This item applies to a determination if:

(a) the determination was made under section 292-465 of the Income Tax Assessment Act 1997 in relation to non-concessional contributions for a financial year; and

(b) the determination was in force immediately before the commencement of this item.

(4) The determination has effect, after the commencement of this item, as if it had been made under section 292-465 of that Act as amended by this Act.