1Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013

---

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8

?xml version="1.0" encoding="utf-8" standalone="no"?>

Image unavailable in extracted text

 

 

 

 

 

 

Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013

 

No. 87, 2013

 

 

 

 

 

An Act to impose tax on certain superannuation contributions, and for related purposes

 

 

 

Contents

1 Short title

2 Commencement

3 Definitions

4 Imposition of tax

5 Amount of tax

6 Severability

 

Image unavailable in extracted text

 

 

Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013

No. 87, 2013

 

 

 

An Act to impose tax on certain superannuation contributions, and for related purposes

[Assented to 28 June 2013]

 

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013.

2  Commencement

  This Act commences on the day this Act receives the Royal Assent.

3  Definitions

  In this Act:

income year has the same meaning as in the Income Tax Assessment Act 1997.

taxable contributions has the same meaning as in the Income Tax Assessment Act 1997.

4  Imposition of tax

  Tax payable under section 293‑15 of the Income Tax Assessment Act 1997 is imposed.

5  Amount of tax

  The amount of the tax is 15% of a person’s taxable contributions for an income year.

6  Severability

  If, apart from this section, section 4 would impose, in relation to a person, a tax the imposition of which in relation to the person would exceed the legislative power of the Commonwealth, section 4 has effect as if it did not impose that tax in relation to the person.

 

[Minister’s second reading speech made in—