Document ID: chunk:federal_register_of_legislation:C2013A00118:clause:1_48
Version: federal_register_of_legislation:C2013A00118
Segment Type: clause
Provision Reference: sch 1 cl 48
Character Range: 54298–55088

48  Section 292‑230
Repeal the section, substitute:

292‑230  Commissioner must make an excess non‑concessional contributions tax assessment
 (1) The Commissioner must make an assessment (an excess non‑concessional contributions tax assessment) of:
 (a) if a person has *excess non‑concessional contributions for a *financial year—the amount of the excess non‑concessional contributions; and
 (b) the amount (if any) of *excess non‑concessional contributions tax which the person is liable to pay in relation to the financial year.
 (2) The Commissioner must give the person notice in writing of an *excess non‑concessional contributions tax assessment as soon as practicable after making the assessment.
 (3) The notice may be included in a notice of any other assessment under this Act.