Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013
 
No. 87, 2013
 
 
 
 
 
An Act to impose tax on certain superannuation contributions, and for related purposes
  
  
  
Contents
1............ Short title............................................................................................. 2
2............ Commencement................................................................................... 2
3............ Definitions.......................................................................................... 2
4............ Imposition of tax................................................................................. 2
5............ Amount of tax..................................................................................... 2
6............ Severability......................................................................................... 2
 

 
 
Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013
No. 87, 2013
 
 
 
An Act to impose tax on certain superannuation contributions, and for related purposes
[Assented to 28 June 2013]
 
The Parliament of Australia enacts:
1  Short title
                   This Act may be cited as the Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013.
2  Commencement
                   This Act commences on the day this Act receives the Royal Assent.
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.
4  Imposition of tax
                   Tax payable under section 293‑15 of the Income Tax Assessment Act 1997 is imposed.
5  Amount of tax
                   The amount of the tax is 15% of a person’s taxable contributions for an income year.
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.
 
[Minister’s second reading speech made in—
House of Representatives on 15 May 2013
Senate on 17 June 2013]
(95/13)