Document ID: chunk:federal_register_of_legislation:C2007A00009:clause:1_25:p2
Version: federal_register_of_legislation:C2007A00009
Segment Type: clause
Provision Reference: sch 1 cl 25 (pt 2/7)
Character Range: 249427–252226

the extent that it relates to the operation of that Subdivision;
 (c) any other provision of any other Act, or of any instrument made under any other Act, to the extent that it relates to the operation of that Subdivision.

Example: Section 390‑65 in Schedule 1 to the Taxation Administration Act 1953.

 (3) Those provisions apply in relation to that period, and do so as if:
 (a) that period were the 2006‑2007 financial year; and
 (b) the amount of a person's non‑concessional contributions for that financial year:
 (i) did not include the amount of the person's excess concessional contributions for that financial year; and
 (ii) if subsection (6) applies—included the amount mentioned in that subsection; and
 (c) the person's non‑concessional contributions cap for that financial year were $1,000,000; and
 (d) subsections 292‑85(3) and (4) of the Income Tax Assessment Act 1997 were omitted; and
 (e) the person's CGT cap amount at the start of that financial year were $1,000,000; and
 (f) paragraph 292‑95(1)(d) of that Act allowed the notification mentioned in that paragraph to be made on or before 31 July 2007; and
 (g) paragraph 292‑100(9)(b) of that Act allowed the choice mentioned in that paragraph to be given on or before 31 July 2007; and
 (h) contributions made during that period that are covered under section 292‑100 of that Act reduce the person's CGT cap amount for the 2007‑2008 financial year in accordance with subsection 292‑105(2) of that Act (and despite subsection (1) of that section); and
 (i) if the conditions in subsection (4) are satisfied—the person's excess non‑concessional contributions for that financial year were reduced by the amount paid as mentioned in paragraph (4)(d); and
 (j) the reference in subsection 307‑220(1) of that Act to 30 June 2007 were a reference to 9 May 2006.

 (4) For the purposes of paragraph (3)(i), the conditions are:
 (a) the person gives the Commissioner an application under subsection 292‑80A(1) before 1 July 2007; and
 (b) the Commissioner gives the person a transitional release authority under subsection 292‑80A(2) in response to the application; and
 (c) the person gives the transitional release authority to a superannuation provider that holds a superannuation interest for the person (other than a defined benefit interest) in accordance with section 292‑80B within 21 days after the date of the release authority; and
 (d) the superannuation provider pays the person the amount required under section 292‑80C in relation to the transitional release authority.

 (5) Subsection (6) applies if:
 (a) contributions are made in respect of a person (the first person) in either or both of the following periods:
 (i) 10 May 2006 to 30 June 2006;
 (ii) 1 July 2006 to 30 June 2007; and
 (b) those contributions are