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Australian Senate Standing Committee for the Scrutiny of Bills - Scrutiny Digests

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Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No 1) Bill 2017 [2017] AUSStaCSBSD 321 (13 September 2017)


Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 1) Bill 2017

Purpose
This bill seeks to amend various Acts in relation to taxation to:
• establish the First Home Super Saver Scheme;
• allow an individual to use the proceeds in relation to one sale of their main residence to make contributions (downsizer contributions) of up to $300,000 to their superannuation provider if they are 65 years of age or over
Portfolio
Treasury
Introduced
House of Representatives on 7 September 2017

The committee has no comment on this bill.


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