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
8 Subparagraphs 15(6)(b)(iii) and (iv)
Repeal the subparagraphs, substitute:
(iii) 12.5% of the employer-financed component of any part of the benefits payable to the member that accrued in the 2004-2005 financial year;
(iv) 10% of the employer-financed component of any part of the benefits payable to the member that accrued after 30 June 2005.