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.