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This is a Bill, not an Act. For current law, see the Acts databases.
2016
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Superannuation (Departing Australia
Superannuation Payments Tax)
Amendment Bill 2016
No. , 2016
(Treasury)
A Bill for an Act to amend the Superannuation
(Departing Australia Superannuation Payments Tax)
Act 2007, and for related purposes
No. , 2016
Superannuation (Departing Australia Superannuation Payments Tax)
Amendment Bill 2016
i
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Schedules ........................................................................................... 2
Schedule 1--Amendments
3
Superannuation (Departing Australia Superannuation Payments Tax)
Act 2007
3
No. , 2016
Superannuation (Departing Australia Superannuation Payments Tax)
Amendment Bill 2016
1
A Bill for an Act to amend the Superannuation
1
(Departing Australia Superannuation Payments Tax)
2
Act 2007, and for related purposes
3
The Parliament of Australia enacts:
4
1 Short title
5
This Act is the Superannuation (Departing Australia
6
Superannuation Payments Tax) Amendment Act 2016.
7
2 Commencement
8
(1) Each provision of this Act specified in column 1 of the table
9
commences, or is taken to have commenced, in accordance with
10
column 2 of the table. Any other statement in column 2 has effect
11
according to its terms.
12
2
Superannuation (Departing Australia Superannuation Payments Tax)
Amendment Bill 2016
No. , 2016
1
Commencement information
Column 1
Column 2
Column 3
Provisions
Commencement
Date/Details
1. The whole of
this Act
At the same time as Part 1 of Schedule 1 to
the Income Tax Rates Amendment (Working
Holiday Maker Reform) Act 2016
commences.
Note:
This table relates only to the provisions of this Act as originally
2
enacted. It will not be amended to deal with any later amendments of
3
this Act.
4
(2) Any information in column 3 of the table is not part of this Act.
5
Information may be inserted in this column, or information in it
6
may be edited, in any published version of this Act.
7
3 Schedules
8
Legislation that is specified in a Schedule to this Act is amended or
9
repealed as set out in the applicable items in the Schedule
10
concerned, and any other item in a Schedule to this Act has effect
11
according to its terms.
12
Amendments Schedule 1
No. , 2016
Superannuation (Departing Australia Superannuation Payments Tax)
Amendment Bill 2016
3
Schedule 1--Amendments
1
2
Superannuation (Departing Australia Superannuation
3
Payments Tax) Act 2007
4
1 At the end of section 5
5
Add:
6
(3) Despite subsections (1) and (2), if the departing Australia
7
superannuation payment:
8
(a) is paid to a person on or after 1 July 2017; and
9
(b) includes amounts attributable to superannuation contributions
10
made while the person was a working holiday maker (within
11
the meaning of the Income Tax Rates Act 1986);
12
those subsections apply as if the percentages in paragraphs (1)(b)
13
and (c) and (2)(a) were 95%.
14