Treasury Laws Amendment (More Flexible Superannuation) Act 2021 (Cth)

Treasury Laws Amendment (More Flexible Superannuation) Act 2021

No. 45, 2021

An Act to amend the law relating to taxation, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Bring forward non‑concessional contributions cap Income Tax Assessment Act 1997 Schedule 2—Excess concessional contributions Part 1—Amendments Income Tax Assessment Act 1997 Taxation Administration Act 1953 Part 2—Repeal Superannuation (Excess Concessional Contributions Charge) Act 2013 Part 3—Application Schedule 3—Re‑contribution of COVID‑19 early release superannuation amounts Income Tax Assessment Act 1997

Treasury Laws Amendment (More Flexible Superannuation) Act 2021 No. 45, 2021

An Act to amend the law relating to taxation, and for related purposes

[Assented to 22 June 2021]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (More Flexible Superannuation) Act 2021.

2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table The day this Act receives the Royal Assent. 22 June 2021 2. Schedules 1 and 2 The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. 1 July 2021 4. Schedule 3 1 July 2021. 1 July 2021