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This is a Bill, not an Act. For current law, see the Acts databases.
2010-2011-2012-2013
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Superannuation (Sustaining the
Superannuation Contribution
Concession) Imposition Bill 2013
No. , 2013
(Treasury)
A Bill for an Act to impose tax on certain
superannuation contributions, and for related
purposes
i Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Bill
2013 No. , 2013
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Definitions ......................................................................................... 2
4
Imposition of tax ................................................................................ 2
5
Amount of tax .................................................................................... 2
6
Severability ........................................................................................ 2
Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Bill 2013
No. , 2013 1
A Bill for an Act to impose tax on certain
1
superannuation contributions, and for related
2
purposes
3
The Parliament of Australia enacts:
4
1 Short title
5
This Act may be cited as the Superannuation (Sustaining the
6
Superannuation Contribution Concession) Imposition Act 2013.
7
2 Commencement
8
This Act commences on the day this Act receives the Royal
9
Assent.
10
Section 3
2 Superannuation (Sustaining the Superannuation Contribution Concession) Imposition
Bill 2013 No. , 2013
3 Definitions
1
In this Act:
2
income year has the same meaning as in the Income Tax
3
Assessment Act 1997.
4
taxable contributions has the same meaning as in the Income Tax
5
Assessment Act 1997.
6
4 Imposition of tax
7
Tax payable under section 293-15 of the Income Tax Assessment
8
Act 1997 is imposed.
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5 Amount of tax
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The amount of the tax is 15% of a person's taxable contributions
11
for an income year.
12
6 Severability
13
If, apart from this section, section 4 would impose, in relation to a
14
person, a tax the imposition of which in relation to the person
15
would exceed the legislative power of the Commonwealth,
16
section 4 has effect as if it did not impose that tax in relation to the
17
person.
18
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