SUPERANNUATION (SUSTAINING THE SUPERANNUATION CONTRIBUTION CONCESSION) IMPOSITION ACT 2013
SECTION 1
1
SHORT TITLE
This Act may be cited as the Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013. SECTION 2 2 COMMENCEMENT
This Act commences on the day this Act receives the Royal Assent. SECTION 3 3 DEFINITIONS
In this Act:
Tax payable under section 293-15 of the Income Tax Assessment Act 1997 is imposed. SECTION 5 5 AMOUNT OF TAX
The amount of the tax is 15% of a person's taxable contributions for an income year. SECTION 6 6 SEVERABILITY
If, apart from this section, section 4 would impose, in relation to a person, a tax the imposition of which in relation to the person would exceed the legislative power of the Commonwealth, section 4 has effect as if it did not impose that tax in relation to the person.
This Act may be cited as the Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013. SECTION 2 2 COMMENCEMENT
This Act commences on the day this Act receives the Royal Assent. SECTION 3 3 DEFINITIONS
In this Act:
income year
has the same meaning as in the Income Tax Assessment Act 1997.
taxable contributions
has the same meaning as in the Income Tax Assessment Act 1997.
Tax payable under section 293-15 of the Income Tax Assessment Act 1997 is imposed. SECTION 5 5 AMOUNT OF TAX
The amount of the tax is 15% of a person's taxable contributions for an income year. SECTION 6 6 SEVERABILITY
If, apart from this section, section 4 would impose, in relation to a person, a tax the imposition of which in relation to the person would exceed the legislative power of the Commonwealth, section 4 has effect as if it did not impose that tax in relation to the person.