Superannuation Budget Measures Act 2004 (106 of 2004)

Schedule 2   Superannuation surcharge

Part 2   Amendments related to reduction of the surcharge cap

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

10   Subparagraphs 15(6A)(b)(iii) and (iv)

Repeal the subparagraphs, substitute:

(iii) 12.5% of the employer-financed component of any part of the value of the age retirement benefits of the member when the fund ceased to be a constitutionally protected superannuation fund that accrued in the 2004-2005 financial year;

(iv) 10% of the employer-financed component of any part of the value of the age retirement benefits of the member when the fund ceased to be a constitutionally protected superannuation fund that accrued after 30 June 2005.