House of Representatives

Superannuation (Objective) Bill 2016

Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016

Superannuation (Excess Transfer Balance Tax) Imposition Act 2016

Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016

Treasury Laws Amendment (Fair and Sustainable Superannuation) Act 2016

Explanatory Memorandum

(Circulated by the authority of the Treasurer, the Hon Scott Morrison MP and Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP)

Index

Superannuation (Objective) Bill 2016

Bill reference Paragraph number
Items 1 and 9, subsection 307-80(2) and the definition of 'deferred superannuation income stream' in subsection 995-1(1) 10.31
Item 1, subsection 307-80(3) 10.37
Item 1, subsection 307-80(4) 10.38
Item 1, subsection 307-80(4) of the ITAA 1997 3.191
Items 1 and 9, subsection 307-75(1) and the definition of 'retirement phase superannuation income stream benefit (or RP superannuation income stream benefit)' in subsection 995-1(1) 10.40
Items 1 and 9, subsection 307-75(2) and the definition of 'retirement phase superannuation income stream benefit (or RP superannuation income stream benefit)' in subsection 995-1(1) 10.41
Item 1, sections 307-75 and 307-80 of the ITAA 1997 3.35
Items 1 and 9, subsection 307-80(1) and paragraph (a) of the definition of 'retirement phase' in subsection 995-1(1) 10.30
Item 1, subsection 307-80(3) and (4) 10.44
Items 2, 3, 4, 7 and 9, section 307-205, subsection 307-205(2), section 307-230 and the definitions of 'account-based annuity', 'accumulation phase value', 'total superannuation balance' , 'transfer balance' and 'transfer balance account' in subsection 995-1(1) 5.16
Items 2, 3, 4, 7 and 9, section 307-205, subsection 307-205(2), paragraph 307-230(1)(a) and the definitions of 'accumulation phase value ' and 'total superannuation balance' in subsection 995-1(1) 5.17
Item 3, paragraph 307-205(2)(a) 5.20
Items 4 and 9, paragraph 307-230(1)(b) and subsections 307-230(2), (3) and (4) and the definition of 'total superannuation balance' and 'transfer balance' and 'transfer balance account' in subsection 995-1(1) 5.21
Item 4, paragraph 307-230(1)(b) 5.23
Item 4, subsections 307-230(3) and (4) 5.24, 5.26
Items 4 and 7, paragraph 307-230(4)(d) and the definition of 'account-based annuity' in subsection 995-1(1) 5.27
Item 4, subparagraph 307-230(2)(b)(i) 5.29
Item 4, paragraph 307-230(1)(c) 5.30
Item 4, paragraph 307-230(2)(a) and subparagraph 307-230(2)(b)(ii) 5.32
Items 5 and 6, item 10A in the table in section 960-265 and item 3 in the table in subsection 960-285(7) of the ITAA 1997 3.49
Item 6, column 3 of item 2 in the table in section 960-285 4.26
Item 6, subsection 960-285(6) of the ITAA 1997 3.51
Item 6, subsection 960-285(7) table item 2 5.8
Item 6, subsection 960-285(7) table item 3 5.13
Item 6, subsection 960-285(4) of the ITAA 1997 3.52
Item 6, section 960-285 of the ITAA 1997 3.48
Item 6, subsections 960-285(1), (2), (3) and (5) of the ITAA 1997 3.50
Item 7, subsection 995-1(1) (definitions of 'assessed excess transfer balance tax', 'capped defined benefit income stream', 'child recipient', 'crystallised reduction amount', 'debit value', 'defined benefit income', 'defined benefit income cap', 'default commutation notice', 'excess transfer balance', 'excess transfer balance determination', 'excess transfer balance earnings', 'excess transfer balance period', 'excess transfer balance tax', 'general transfer balance cap', 'member spouse', 'retirement phase recipient', 'rounding amount', 'special value', 'superannuation income stream provider', 'transfer balance', 'transfer balance account', 'transfer balance cap', 'transfer balance credit' and 'transfer balance debit') of the ITAA 1997 3.307
Item 8, the definition of 'complying superannuation life insurance policy' in subsection 995-1(1) 10.46
Item 9, paragraph (b) of the definition of 'retirement phase' in subsection 995-1(1) 10.29
Item 9, subsection 995-1(1) 5.33
Item 9 3.312, 3.313
Item 9, the definition of 'deferred superannuation income stream' in subsection 995-1(1) 10.32

Schedule 1: Transfer balance cap

Bill reference Paragraph number
Item 1, subsections 294-235(2) and (3) of the ITAA 1997 3.68
Item 1, subsection 294-25(2) of the ITAA 1997 3.69
Item 1, paragraph (gab) in Schedule 1 to the Administrative Decisions (Judicial Review) Act 1977 3.164
Item 3, subsection 294-30(2) 3.30
Item 3, sections 294-170 and 294-175 of the ITAA 1997 3.267
Items 3 and 34, note 7 to section 102-20 of the ITAA 1997 and paragraph 294-120(5)(b) of the IT(TP) Act 1997 and 3.359
Item 4, paragraph 294-15(2)(a) of the ITAA 1997 3.37
Item 4, subsection 294-20(2) of the ITAA 1997 3.38
Item 4, section 294-45 of the ITAA 1997 3.39
Item 4, subsection 294-35(3) of the ITAA 1997 3.42
Item 4, subsections 294-35(1) and (2) of the ITAA 1997 3.44
Item 4, section 294-40 of the ITAA 1997 3.45
Item 4, subsection 294-25(1) of the ITAA 1997 3.55
Item 4, section 294-50 of the ITAA 1997 3.59
Item 4, section 294-30 of the ITAA 1997 3.63
Item 4, item 3 in the table in subsection 294-25(1) and subsection 294-235(1) of the ITAA 1997 3.64
Item 4, subsection 294-235(2) of the ITAA 1997 3.65
Item 4, section 294-10 and subsection 294-15(1) of the ITAA 1997 3.27
Item 4, subsection 294-30(2) of the ITAA 1997 3.29
Item 4, paragraph (b) of column 3 in item 2 of the table in subsection 294-25(1) of the ITAA 1997 3.80
Item 4, paragraph (b) of column 3 in item 1 of the table in subsection 294-25(1) of the ITAA 1997 3.81
Item 4, sections 294-75 and 294-80 of the ITAA 1997 3.99
Item 4, item 1 in the table in subsection 294-80(1) of the ITAA 1997 3.106
Item 4, item 2 in the table in subsection 294-80(1) of the ITAA 1997 3.112
Item 4, subsection 294-80(2) of the ITAA 1997 3.115
Item 4, items 3 and 4 in the table in subsection 294-80(1), and sections 294-85 and 294-90 of the ITAA 1997 3.117
Item 4, item 3 in the table in subsection 294-80(1) and subsections 294-85(2) to (4) of the ITAA 1997 3.118
Item 4, item 3 in the table in subsection 294-80(1) and subsections 294-85(5) to (7) of the ITAA 1997 3.120
Item 4, item 1 in the table in subsection 294-80(1) of the ITAA 1997 3.126, 3.133
Item 4, item 4 in the table in subsection 294-80(1), subsection 294-90(2) and paragraph 294-90(3)(a) of the ITAA 1997 3.129
Item 4, paragraph 294-90(3)(b) of the ITAA 1997 3.130
Item 4, subsections 294-90(1) and (4) of the ITAA 1997 3.131
Item 4, section 294-95 of the ITAA 1997 3.134
Item 4, item 5 in the table in subsections 294-80(1) of the ITAA 1997 3.136
Item 4, item 7 in the table in subsections 294-80(1) of the ITAA 1997 3.137
Item 4, item 6 in the table in subsection 294-80(1) of the ITAA 1997 3.142
Item 4, sections 294-1 and 294-5 of the ITAA 1997 3.26
Item 4, item 7 in the table in subsection 294-80(1) of the ITAA 1997 3.190
Item 4, item 5 of the table in subsection 294-80(1) of the ITAA 1997 3.194
Item 4, section 294-230 of the ITAA 1997; and sections 1, and 3 to 5 of the Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016 3.204
Item 4, section 294-225; and subsection 5(1) the Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016 3.205
Item 4, paragraph 294-230(3)(b) of the ITAA 1997 3.208
Item 4, section 294-240 of the ITAA 1997 3.209
Item 4, section 294-245 of the ITAA 1997 3.210
Item 4, section 294-250 of the ITAA 1997 3.211
Item 4, sections 294-120 and 294-125 of the ITAA 1997 3.215
Item 4, section 294-130 of the ITAA 1997 3.219
Item 4, paragraph 294-130(1)(a) and item 1 in the table in subsection 294-130(1) of the ITAA 1997 3.221
Item 4, paragraph 294-130(1)(b) and items 2 to 7 in the table in subsection 294-130(1) of the ITAA 1997 3.222
Item 4, subsection 294-135(1) of the ITAA 1997 3.224
Item 4, subsection 294-135(2) of the ITAA 1997 3.225
Item 4, subsection 294-135(3) of the ITAA 1997 3.227
Item 4, subsection 294-135(2) of the ITAA 1997 3.228
Item 4, subsection 294-145(5) of the ITAA 1997 3.233
Item 4, subsection 294-145(6) of the ITAA 1997 3.234
Item 4, subsections 294-130(2), 294-135(4) and 294-130(7) of the ITAA 1997 3.235
Item 4, paragraph 294-145(1)(a) of the ITAA 1997 3.237
Item 4, paragraph 294-145(1)(b) of the ITAA 1997 3.238
Item 4, subsection 294-145(2) of the ITAA 1997 3.240
Item 4, subsection 294-145(3) of the ITAA 1997 3.241
Item 4, paragraphs 294-95(a) and 294-145(5)(b) of the ITAA 1997 3.242
Item 4, subsection 294-145(4) of the ITAA 1997 3.243
Item 4, section 294-140 of the ITAA 1997 3.245
Item 4, subsection 294-140(3) of the ITAA 1997 3.246
Item 4, subsection 294-15(2) of the ITAA 1997 3.34
Item 4, subsection 294-185(1) of the ITAA 1997 3.271
Item 4, subsection 294-185(2) of the ITAA 1997 3.273
Item 4, section 294-190 of the ITAA 1997 3.275
Item 4, section 294-195 of the ITAA 1997 3.277
Item 4, subsections 294-200(1) and (2) of the ITAA 1997 3.278
Item 4, subsection 294-200(6) of the ITAA 1997 3.279
Item 4, subsection 294-200(3) of the ITAA 1997 3.281
Item 4, subsection 294-200(4) of the ITAA 1997 3.282
Item 4, subsection 294-200(7) of the ITAA 1997 3.285
Item 4, subsection 294-200(7) of the ITAA 1997 3.286
Item 4, subsection 294-200(5) of the ITAA 1997 3.287
Item 4, paragraph 294-185(2)(b) of the ITAA 1997 3.290
Item 4, section 294-180 of the ITAA 1997 3.293
Item 4, paragraph 294-180(1)(c) of the ITAA 1997 3.294
Item 4, subsection 294-20(1) of the ITAA 1997 3.36
Item 4, paragraph 294 80(2)(b) 5.34
Item 5, paragraph 306-10(a) of the ITAA 1997 3.86
Item 6, subsections 307-5(3), (3A) and (3B) of the ITAA 1997 3.96
Item 7, subparagraph 38A(ab)(iii) of the Superannuation Industry (Supervision) Act 1993 3.197
Items 8, 9, and 22 to 24, paragraphs 15CA(1)(c) and (2)(c) of the Superannuation (Resolution of Complaints) Act 1953, and paragraph 390-15(1)(b) and subsections 390-15(2), (3) and (4) in Schedule 1 to the TAA 1953 3.298
Item 10, item 15B of the table in subsection 8AAB(4) of the TAA 1953 3.304
Items 11 and 12, paragraphs 14ZVA(b) and (c) of the TAA 1953 3.163
Items 13 to 15, Part 3-20 (heading), Division 113 (heading), and sections 136-1 and 136-5 in Schedule 1 to the TAA 1953 3.146
Item 14, subsection 136-55(4) in Schedule 1 to the TAA 1953 3.170
Item 15, section 136-70 in Schedule 1 to the TAA 1953 3.189
Item 15, subsections 136-10(6) and (7) in Schedule 1 to the TAA 1953 3.151
Item 15, section 136-20 in Schedule 1 to the TAA 1953 3.153
Item 15, subsection 136-20(4) in Schedule 1 to the TAA 1953 3.154
Item 15, subsection 136-20(5) in Schedule 1 to the TAA 1953 3.155
Item 15, section 136-25 in Schedule 1 to the TAA 1953 3.157
Item 15, subsection 136-15(1) in Schedule 1 to the TAA 1953 3.159
Item 15, subsection 136-15(2) in Schedule 1 to the TAA 1953 3.161
Item 15, section 136-10 in Schedule 1 to the Taxation Administration Act 1953 (TAA 1953) 3.145
Item 15, subsection 136-10(3) in Schedule 1 to the TAA 1953 3.148
Item 15, sections 136-50 and 136-55 in Schedule 1 to the TAA 1953 3.165
Item 15, subsection 136-55(1) in Schedule 1 to the TAA 1953 3.166
Item 15, subsection 136-55(2) in Schedule 1 to the TAA 1953 3.167
Item 15, subsection 136-55(3) in Schedule 1 to the TAA 1953 3.168
Item 15, paragraph 136-55(5) in Schedule 1 to the TAA 1953 3.169
Item 15, subsection 136-10(4) in Schedule 1 to the TAA 1953 3.150
Item 15, subsection 136-55(5) in Schedule 1 to the TAA 1953 3.171
Item 15, subsection 136-55(6) in Schedule 1 to the TAA 1953 3.172
Item 15, section 136-60 3.173
Item 15, section 136-65 in Schedule 1 to the TAA 1953 3.174
Item 15, section 136-80 in Schedule 1 to the TAA 1953 3.175
Item 15, subsection 136-80(2) and (3) in Schedule 1 to the TAA 1953 3.185
Item 15, sections 136-85 and 136-90 in Schedule 1 to the TAA 1953 3.186
Item 15, subsection 136-85(2) in Schedule 1 to the TAA 1953 3.187
Item 16 to 20, paragraph 155-5(2)(h), Note 1 to subsection 155-15(1), subsection 155-30(3), item 38BC in the table in subsection 250-10(2) in Schedule 1 to the TAA 1953 3.305
Items 21 and 25, sections 390-1 and 390-20 in Schedule 1 to the TAA 1953 3.295
Items 26 to 31, sections 301-10, 301-90, 301-100, 302-65, 302-80 and 302-85 of the ITAA 1997 3.306
Item 32, subsection 303-2(2) of the ITAA 1997 3.249
Item 32, subsection 303-4(1) of the ITAA 1997 3.251
Item 32, subsection 303-4(2) of the ITAA 1997 3.254
Item 32, subsection 303-4(3) of the ITAA 1997 3.256
Item 32, subsection 303-2(1) of the ITAA 1997 3.261
Item 32, section 303-3 of the ITAA 1997 3.263
Item 32, section 303-1 of the ITAA 1997 3.247
Item 33, subsection 12-1(4) in Schedule 1 to the TAA 1953 3.299
Item 34, section 294-100 of the IT(TP) Act 1997 3.322
Item 34, subsections 294-110(3) and 294-115(3) of the IT(TP) Act 1997 3.323
Item 34, subsections 294-110(3) and 294-120(3) of the IT(TP) Act 1997 3.324
Item 34, section 294-105, and paragraphs 294-110(1)(c) and 294-120(1)(c)of the IT(TP) Act 1997 3.328
Item 34, paragraphs 294-110(1)(e) and 294-120(1)(e), and subsections 294-110(2) and 294-115(2) of the IT(TP) Act 1997 3.329
Item 34, paragraphs 294-110(1)(a) and (b) of the IT(TP) Act 1997 3.338
Item 34, paragraph 294-110(1)(d) of the IT(TP) Act 1997 3.339
Item 34, subsection 294-110(3) of the IT(TP) Act 1997 3.340
Item 34, paragraphs 294-115(1)(a), (b) and (d) of the IT(TP) Act 1997 3.343
Item 34, subsection 294-115(3) of the IT(TP) Act 1997 3.345
Item 34, subsection 294-120(1) of the IT(TP) Act 1997 3.347
Item 34, subsection 294-120(2) of the IT(TP) Act 1997 3.348
Item 34, subsection 294-120(3) of the IT(TP) Act 1997 3.349
Item 34, paragraph 294-120(4)(a) and subsection 294-120(8) (definition of 'deferred notional gain') of the IT(TP) Act 1997 3.353
Item 34, paragraphs 294-120(4)(b), (c) and (d) of the IT(TP) Act 1997 3.355
Item 34, subsection 294-120(8) (definition of '2016-17 non-exempt proportion') of the IT(TP) Act 1997 3.356
Item 34, subsections 294-120(5) of the IT(TP) Act 1997 3.357
Item 34, paragraph 294-120(5)(a) of the IT(TP) Act 1997 3.358
Item 34 and subitem 36(1), section 294-10 of the Income Tax (Transitional Provisions) Act 1997 (IT(TP) 1997) 3.309
Item 34, paragraph 294-120(5)(c) of the IT(TP) Act 1997 3.360
Item 34, subsection 294-120(6) of the IT(TP) Act 1997 3.361
Item 34, section 294-30 of the IT(TP) Act 1997 3.316
Item 35, section 307-230 of the IT(TP) Act 1997 3.319
Item 35, section 307-230 of the Income Tax (Transitional Provisions) Act 1997 5.71
Part 1, item 2, section 26-99 of the ITAA 1997 3.303
Part 1, item 15, subsections 136-85(3) and 136-90(2) in Schedule 1 to the TAA 1953 3.188
Subitem 36(3) 3.311
Subitem 36(2) 3.310

Schedule 2: Concessional superannuation contributions

Bill reference Paragraph number
Items 1 and 9, paragraph 291-20(2)(a) of the ITAA 1997 and Subdivision 291-B of the IT(TP)A 1997 4.24
Item 1, paragraph 291-20(2)(b) and Schedule 11, item 6, section 960-285 4.25
Items 2 and 3, paragraphs 291-25(2)(c) and (d) and subsection 291-25(4) 4.31
Items 4 to 7, paragraph 291-165(1)(c), subsection 291-160(2) and sections 291-160 and 291-165 4.35
Item 7, subsection 291-165(2) 4.36
Items 7, 8, 10 and 11, section 291-165 of the ITAA 1997 and subsections 291-170(2) and (4) of the IT(TP)A 1997 4.55
Item 8, paragraph 291-370(1)(b) 4.44
Item 8, subsections 291-370(1) and (3) 4.39
Item 8, subsection 291-370(2) 4.40
Item 8, subsection 291-370(1) 4.42
Item 12, subsection 291-170(6) of the IT(TP)A 1997 4.56
Item 13 4.58
Items 14-19, sections 293-1, 293-5, 293-10 and subsections 293-155(1) and 293-200(1) of the ITAA 1997 and the note to subsection 133-15(1) in Schedule 1 to the Taxation Administration Act 1953 4.47
Item 18, subsection 293-20(1) 4.27
Item 20 4.59
Item 21, subsections 15(5) and (6) of the Superannuation Guarantee (Administration) Act 1992 4.52

Schedule 3: Non-concessional contributions

Bill reference Paragraph number
Item 1, subheading to subsection 292-85(1) 5.68
Item 2, subsection 292-85(3) 5.41
Item 2, subsection 292-85(3) and paragraph 292-85(5)(b) 5.43
Item 2, subsections 292-85(3) and (4), paragraph 292-85(5)(a) 5.44
Item 2, subsection 292-85(2) and paragraph 292-85(3)(e) 5.45
Item 2, paragraph 292-85(6)(a) 5.50
Bill reference Paragraph number
Item 2, paragraph 292-85(6)(b) 5.51
Item 2, subsection 292-85(7) 5.53
Item 2, subsection 292-85(7) 5.55
Item 2, paragraph 292-85(2)(a) 5.7
Item 2, subsection 292-85(2) 5.6, 5.12
Item 3, paragraph 292-95(1)(b) of the ITAA 1997 3.114
Item 3, paragraph 295-95(1)(b) 5.59
Item 4, subsections 292-95(6) and (7) 5.60
Item 5, subsection 292-465(9) 5.66
Item 5, subsection 292-465(10) 5.67
Item 6, subsection 292-85(3) of the Income Tax (Transitional Provisions) Act 1997 5.72
Item 6, subsection 292-85(1) of the Income Tax (Transitional Provisions) Act 1997 5.76
Item 6, subsections 292-85(1) and (3) of the Income Tax (Transitional Provisions) Act 1997 5.77
Item 6, subsection 292-85(2) of the Income Tax (Transitional Provisions) Act 1997 5.80
Item 7, paragraphs 6(1)(da) and (db) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 5.58
Item 8, section 56 of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 5.69
Item 9 5.70

Schedule 4: Low income superannuation tax offset

Bill reference Paragraph number
Item 2, section 12C 6.8
Item 2, section 12F 6.15
Item 2, section 12B 6.16, 6.23
Item 2, paragraphs 12C(1)(a) and (2)(a) 6.17
Item 2, subsection 12E(3) 6.21
Item 2, subsection 12E(2) 6.22
Item 2, section 12G 6.27
Bill reference Paragraph number
Items 3 to 5 and 7 and 8, subsection 49(1) and sections 55 and 56 of the Superannuation (Government Co contribution for Low Income Earners) Act 2003; and subitem 7(2) and item 8 of Schedule 7 to the Minerals Resource Rent Tax Repeal and Other Measures Act 2014 6.30
Item 6 6.32

Schedule 5: Deducting personal contributions

Bill reference Paragraph number
Items 1and 2 , subsections 280-10(1) and (2) and Schedule 11, item 7, the definition of 'Commonwealth public sector superannuation scheme' in subsection 995 1(1) 7.34
Items 3 and 4, subsection 290-150(2) and section 290-160 7.10
Item 4, subparagraph 290-155(1)(a)(i) 7.16
Item 4, subparagraph 290-155(1)(a)(ii) 7.21
Item 4, subsection 290-155(2) 7.25
Item 4, subparagraph 290-155(1)(a)(iii) and paragraph 290-155(1)(b) 7.26
Item 4, subsection 290-155(3) 7.30
Item 4, section 290-155 7.15
Item 5, paragraph 290-165(1)(b) 7.35
Item 6, paragraph 290-170(2)(e) 7.33
Item 7 7.40

Schedule 6: Unused concessional cap carry forward

Bill reference Paragraph number
Items 1 to 4, subsections 280-15(1) and (2), section 291-1 and subsections 291-20(3)) 8.12
Item 4, subsections 291-20(6), and schedule 11, item 9, the definition of 'unused concessional contributions cap' in subsection 995-1(1) 8.13
Item 4, subsection 291-20(7) 8.14
Item 4, subsection 291-20(3) 8.15
Item 4, subsection 291-20(4) 8.17
Item 4, subsection 291-20(5) 8.18
Item 5 8.21

Schedule 7: Tax offsets for spouse contributions

Bill reference Paragraph number
Item 1, paragraph 290-230(2)(c) 9.9
Item 2, subsection 290-230(4A) 9.16
Item 3, paragraph 290-235(1)(a) 9.10
Item 4 9.18

Schedule 8: Innovation income streams and integrity

Bill reference Paragraph number
Items 1 to 3 and 6 to 8, paragraphs 295-385(3)(a) and (4)(a), subsections 295-385(5), 295-390(3) and (7) and 295-395(2) 10.39
Items 4 and 9, subsections 295-385(7) and 295-395(3) 10.51
Items 4, 5, and 9, sections 295-385, 295-387 and 295-395 and schedule 11, item 9, the definition of 'disregarded small fund assets' in subsection 995-1(1) 10.54
Item 5, subsection 295-387(2)(c) 10.53
Item 5, section 295-387
Items 10 and 11, sections 295-405 and 295-407, and paragraph 295-410(a) 10.42
Items 12 and 13, section 307-65 and subsection 307-65(2) 10.63
Item 14, paragraph 307-125(3)(c) 10.58
Items 15 to 18, items 20 to 25, paragraphs 320-137(3)(d) and (3)(e), subsection 320-137(3A), paragraph 320-246(1)(a), subparagraphs 320-246(1)(b)(i) and (1)(e)(ii) and paragraphs 320-246(1)(ea), 320-247(1)(a) and 320-247(2)(a) 10.43
Items 19, 26 and 27, subsections 320-185(4) and 320-250(1A) and paragraph 320-255(1)(a) 10.45
Item 23, paragraph 320-246(1)(ea) 10.48
Item 28 10.65

Schedule 9: Anti-detriment provisions

Bill reference Paragraph number
Items 1, 2 and 4, table item headed "superannuation and related business" in the table in section 12-5 and group heading before section 295-485 of the ITAA 1997 and sections 295-485A and 295-485 of the Income Tax (Transitional Provisions) Act 1997 11.13
Item 3, section 320-107 11.11
Item 3, section 295-485 11.10
Item 5 11.15

Schedule 10: Administration and consequential

Bill reference Paragraph number
Item 1, subsection 131-5(1) 12.44
Item 1, subsections 131-5(3) and (5) 12.46
Item 1, subsection 131-5(3) 12.47
Item 1, subsection 131-5(2) and section 131-10 12.48
Item 1, subsection 131-5(6) 12.50
Item 1, subsection 131-5(4) 12.51
Item 1, section 131-15 12.52
Item 1, section 131-20 12.53
Item 1, subsection 131-15(2) 12.61
Item 1, sections 131-25 and 131-30 12.64
Item 1, subsection 131-35(1) 12.65, 12.67
Item 1, section 131-45 12.66
Item 1, subsection 131-35(2) 12.68
Item 1, section 131-40 12.71
Item 1, sections 131-35 and 131-40 12.72
Item 1, subsections 131-50(1) and (3) 12.73
Item 1, subsections 131-50(2) and (3) 12.74
Item 1, subsection 131-55(1) 12.75
Item 1, subsection 131-55(2) 12.76
Item 1, section 131-60 12.77
Item 1, subsection 131-65(1) and (2) 12.79
Item 1, section 131-70 12.80
Item 1, subsection 131-65(3) 12.81
Items 1 and 22, sections 131-75, 303-15 and 303-17 of the ITAA 1997 12.82
Item 2, paragraph (a) of new definition 'available early release authority amount' in subsection 79A(1) of the Superannuation Act 1976 12.110
Item 2, paragraph (b) of new definition 'available early release authority amount' in subsection 79A(1) of the Superannuation Act 1976 12.110
Item 2, subparagraph (c)(i) of new definition 'available early release authority amount' in subsection 79A(1) of the Superannuation Act 1976 12.110
Item 2, subparagraph (c)(ii) of new definition 'available early release authority amount'. in subsection 79A(1) of the Superannuation Act 1976 12.110
Items 2 to 8, 10 to 18, 20 to 21, 23, 25 to 48, items headed "superannuation" in the tables in sections 10-5 and 11-55, subsections 280-15(3) and (4), note 3 to section 291-15, sections 292-1 and 292-15, paragraph 292-25(2)(a), notes 1 and 2 to subsection 292-25(2), paragraph 292-85(1)(b), subsection 292-85(1), paragraphs 292-85(1A)(a) and 292-90(1A)(b), sections 292-405, 292-410 and 292-415, note 1 to subsection 292-467(1), note 2 to subsection 293-70(2), the heading to section 303-20, heading to section 304-20 and the definitions of maximum available release amount and total release amount in subsection 995-1(1) of the ITAA 1997, note 4 to subsection 292-80C(1) of the Income Tax (Transitional Provisions) Act 1997, paragraph 95-5(b), Division 96, sections 135-1 and 135-5, table items 1 and 2 in subsection 135-10(1), section 135-35, section135-45, subsection 135-75(3), the note to section 135-85, subsections 135-90(1), (2) and (3), item 135R in the table in subsection 250-10(2), paragraph 286-75(2AA)(a), section 288-90, subsections 288-95(1), (3) and (4), subsection 288-100(1) and subparagraph 390-65(1)(a)(i) in Schedule 1 to the TAA 1953 and subsection 3(1) of the Taxation (Interest on Overpayments and Early Payments) Act 1983 12.114
Item 9, subparagraph 79B(1A) of the Superannuation Act 1976 12.108
Item 9, section 292-20 of the ITAA 1997 12.87
Item 9, section 292-20 of the ITAA 1997 12.88
Item 19, paragraphs 292-467(1)(b) and (c) of the ITAA 1997 12.90
Item 24, section 304-15 of the ITAA 1997 12.85
Item 49 12.120
Items 50 to 53 12.121
Item 54 12.123
Items 55, 57 to 59 and 63, subsection 133-10(3), section 133-125 and subsection 133-145(1) 12.115
Item 56, subsections 133-120(1) and (1A) 12.96
Item 60, section 133-135 12.92
Item 60, section 133-135 12.97
Items 60 and 62, subsections 133-135(2) and 133-140(1A) 12.93
Items 61 and 62, paragraph 133-140(1)(a) and subsection 133-140(1A) 12.91
Item 64 12.124
Item 65, section 990-5 in Schedule 1 to the TAA 12.99
Items 66 to 92, subsections 45D(1), 102AAM(13), 159GZZZZH(3), 177EA(6), 177EB(7) and 177F(2D) of the Income Tax Assessment Act 1936, subsections 204-50(4), 214-60(3), 214-140(1), 214-140(2), 275-615(3), 291-465(6), 292-230(3), 292-310(3), 292-465(8), 292-467(3), 295-625(1), the heading to subsection 295-625(2), 815-30(8), 815-35(8) and 815-145(6) of the ITAA 1997, subsections 214-25(3), 214-80(1) and 214-80(2) of the Income Tax (Transitional Provisions) Act 1997, subsection 98C(2) of the Petroleum Resource Rent Tax Act 1987, subsection 62(2) of the Superannuation Guarantee (Administration) Act 1992, subsection 8AAF(3) of the TAA 1953 and subsections 45-320(6), 45-473(1), 45-473(2), 97-5(4), 97-25(4), 133-30(2) and 280-110(2) in Schedule 1 to the TAA 1953 12.116
Item 93 12.125
Items 94, 106 to 111, subsection 3(1), subparagraphs 110SN(2)(i) and (iii), subsection 110SN(2), subparagraphs 130D(3)(a)(i) and (iii), subsection 130D(3) of the Superannuation Act 1976 12.117
items 95 to 105, section 79A, subsections 79A(1),(2) and (3), subsection 79B(1), subsection 79B(1A), section 79B, subsection 79C(1) 12.103
Item 112, paragraph 15J(2)(fa) Example 2.3
Part 4, item 2, the definition of 'early release authority amount' in subsection 79A(1) of the Superannuation Act 1976 12.107

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