Commonwealth Numbered Regulations

TREASURY LAWS AMENDMENT (FAIR AND SUSTAINABLE SUPERANNUATION) REGULATIONS 2017 (F2017L00321) - SCHEDULE 2

Income Tax Assessment Regulations 1997

1  Division 292 (heading)

Repeal the heading, substitute:

Division 291 -- Excess concessional contributions

2  Subdivision 292-B (heading)

Repeal the heading, substitute:

Subdivision 291-B -- Excess concessional contributions

3  Regulation 292-25.01 (heading)

Repeal the heading, substitute:

291-25.01   Concessional contributions for a financial year

4  Subregulation 292-25.01(1)

Omit "subsection 292-25(3)", substitute "subsection 291-25(3)".

5  Subregulation 292-25.01(1) (note)

Repeal the note.

6  Subregulation 292-25.01(2)

Omit "subsection 292-25(3)", substitute "subsection 291-25(3)".

7  Subregulation 292-25.01(3)

Omit "subsection 292-25(3)", substitute "subsection 291-25(3)".

8  Paragraph 292-25.01(3)(b)

Omit "Act;", substitute "Act.".

9  Paragraph 292-25.01(3)(c)

Repeal the paragraph.

10  Subregulation 292-25.01(4)

Omit "subsection 292-25(3)", substitute "subsection 291-25(3)".

11  After regulation 292-25.01

Insert:

Division 292 -- Excess non-concessional contributions

12  Subregulation 292-170.03(5)

Omit "subsection 292-25(3)", substitute "subsection 291-25(3)".