Superannuation Contributions Tax (Assessment and Collection) Act 1997
Superannuation contributions surcharge is payable on a member's surchargeable contributions for the financial year that began on 1 July 1996 or a later financial year that ends before 1 July 2005.
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Hide history noteSurcharge is not payable for a financial year unless the member's adjusted taxable income for the financial year is greater than the surcharge threshold for the financial year.
7(3) No surcharge is payable by residents of external Territories.Surcharge is not payable for a financial year if the person who would be liable to pay the surcharge is the trustee of a Territory trust, a Territory company or a Territory resident for the purposes of Division 1A of Part III of the Income Tax Assessment Act as it applies to the year of income that comprises that financial year.
Note:
In certain other circumstances surcharge is not payable (see subsection 10(4)).
7(4) No surcharge is payable if surcharge is payable under another Act.Surcharge is not payable on a member's surchargeable contributions if surcharge is payable on those contributions under the Superannuation Contributions Tax (Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 .
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