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

9   Subparagraphs 15(6AA)(d)(iii) and (iv)

Repeal the subparagraphs, substitute:

(iii) 12.5% of the employer-financed component of any part of the benefits that would have been payable to the member but for the payment split and that accrued in the 2004-2005 financial year;

(iv) 10% of the employer-financed component of any part of the benefits that would have been payable to the member but for the payment split and that accrued after 30 June 2005.