introducing a $500,000 lifetime cap for non-concessional...

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    • introducing a $500,000 lifetime cap for non-concessional contributions. The lifetime cap will limit the extent to which the superannuation system can be used for tax minimisation and estate planning. Currently, less than one per cent of superannuation fund members have made contributions above this cap since 2007
    Got it off the page. So does it imply the ncc cap starts from 2007?
    http://budget.gov.au/2016-17/content/glossies/tax_super/html/
 
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