Commonwealth of Australia Bills

[Index] [Search] [Download] [Related Items] [Help]


This is a Bill, not an Act. For current law, see the Acts databases.


SUPERANNUATION (EXCESS CONCESSIONAL CONTRIBUTIONS TAX) BILL 2006

2004-2005-2006

The Parliament of the
Commonwealth of Australia

HOUSE OF REPRESENTATIVES


Presented and read a first time



Superannuation (Excess Concessional Contributions Tax) Bill 2006

No. , 2006

(Treasury)

A Bill for an Act to impose excess concessional contributions tax, and for related purposes




Superannuation (Excess Concessional Contributions Tax) Bill 2006 No. , 2006

Superannuation (Excess Concessional Contributions Tax) Bill 2006 No. , 2006
Contents

 

1 Short title 1

 

2 Commencement 1

 

3 Definitions 2

 

4 Imposition of tax 2

 

5 Amount of tax 2





Section 3




Section 1

Superannuation (Excess Concessional Contributions Tax) Bill 2006 No. , 2006

Superannuation (Excess Concessional Contributions Tax) Bill 2006 No. , 2006

Superannuation (Excess Concessional Contributions Tax) Bill 2006 No. , 2006
A Bill for an Act to impose excess concessional contributions tax, and for related purposes
The Parliament of Australia enacts:

 

1 Short title

This Act may be cited as the Superannuation (Excess Concessional Contributions Tax) Act 2006.

 

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

 

3 Definitions

In this Act:

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

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

 

4 Imposition of tax

Excess concessional contributions tax payable under section 292-15 of the Income Tax Assessment Act 1997 is imposed.

 

5 Amount of tax

The amount of the tax is 31.5% of a person's excess concessional contributions for a financial year.

 


[Index] [Search] [Download] [Related Items] [Help]