House of Representatives
Superannuation (Excess Concessional Contributions Charge) Bill 2013
Tax Laws Amendment (Fairer Taxation of Excess Concessional Contributions) Bill 2013
Explanatory Memorandum
(Circulated by the authority of the Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, the Hon Bill Shorten MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| AWOTE | average weekly ordinary time earnings |
| Bill | Tax Laws Amendment (Fairer Taxation of Excess Concessional Contributions) Bill 2013 |
| Commissioner | Commissioner of Taxation |
| GIC | general interest charge |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| RSA | retirement savings account |
| SIC | shortfall interest charge |
| TAA 1953 | Taxation Administration Act 1953 |