SUPERANNUATION LEGISLATION AMENDMENT (SIMPLIFICATION) ACT 2007 (NO. 15, 2007)

Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 2

3............ Schedule(s).......................................................................................... 3

4............ Repeals disregarded for the purposes of dependent provisions......... 4

Schedule 1--Consequential amendments etc. 5

Part 1--Main consequential repeals 5

Income Tax Assessment Act 1936 5

Part 2--Other consequential amendments etc. 6

A New Tax System (Medicare Levy Surcharge--Fringe Benefits) Act 1999 6

Family Law Act 1975 6

Fringe Benefits Tax Assessment Act 1986 7

Income Tax Assessment Act 1936 9

Income Tax Assessment Act 1997 29

Income Tax (Transitional Provisions) Act 1997 50

Parliamentary Superannuation Act 2004 60

Pooled Development Funds Act 1992 60

Remuneration and Allowances Act 1990 60

Retirement Savings Accounts Act 1997 60

Seafarers Rehabilitation and Compensation Act 1992 63

Small Superannuation Accounts Act 1995 63

Social Security Act 1991 64

Superannuation Contributions Tax (Assessment and Collection) Act 1997 71

Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 72

Superannuation (Government Co‑contribution for Low Income Earners) Act 2003 73

Superannuation Guarantee (Administration) Act 1992 74

Superannuation Industry (Supervision) Act 1993 75

Superannuation (Productivity Benefit) Act 1988 77

Taxation Administration Act 1953 77

Taxation (Interest on Overpayments and Early Payments) Act 1983 83

Veterans' Entitlements Act 1986 84

Part 3--Repeal of entire Act 87

Income Tax (Superannuation Payments Withholding Tax) Act 2002 87

Part 4--Application � 88

Schedule 2--Small business relief for CGT events 89

Income Tax Assessment Act 1997 89

Schedule 3--Other amendments 92

Bankruptcy Act 1966 92

Child Support (Registration and Collection) Act 1988 92

Income Tax Assessment Act 1936 92

Income Tax Assessment Act 1997 93

Income Tax (Transitional Provisions) Act 1997 100

Superannuation Guarantee (Administration) Act 1992 102

Superannuation Industry (Supervision) Act 1993 103

Superannuation (Self Managed Superannuation Funds) Taxation Act 1987 104

Superannuation (Unclaimed Money and Lost Members) Act 1999 104

Taxation Administration Act 1953 105

Schedule 4--Technical corrections 107

Income Tax Assessment Act 1997 107

Income Tax (Transitional Provisions) Act 1997 107

Taxation Administration Act 1953 108

Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT (SIMPLIFICATION) ACT 2007 (NO. 15, 2007) - NOTES