Document ID: chunk:federal_register_of_legislation:C2017C00177:clause:2_1
Version: federal_register_of_legislation:C2017C00177
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 85835–86289

1  Subsection 291‑20(2)
Repeal the subsection, substitute:
 (2) Your concessional contributions cap is:
 (a) for the 2017‑2018 financial year—$25,000; or
 (b) for the 2018‑2019 financial year or a later financial year—the amount worked out by indexing annually the amount mentioned in paragraph (a).
Note: Subdivision 960‑M shows how to index amounts. However, annual indexation does not necessarily increase the amount of the cap: see section 960‑285.