Federal Register of Legislation - Australian Government

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Act No. 11 of 2007 as amended, taking into account amendments up to Superannuation (Excess Non-concessional Contributions Tax) Amendment (DisabilityCare Australia) Act 2013
An Act to impose excess non-concessional contributions tax, and for related purposes
Administered by: Treasury
Registered 24 Jun 2013
Start Date 28 May 2013
End Date 24 Jun 2014
Table of contents.

Commonwealth Coat of Arms

Superannuation (Excess Non‑concessional Contributions Tax) Act 2007

No. 11, 2007 as amended

Compilation start date:                     28 May 2013

Includes amendments up to:            Act No. 46, 2013

 

About this compilation

The compiled Act

This is a compilation of the Superannuation (Excess Non-concessional Contributions Tax) Act 2007 as amended and in force on 28 May 2013. It includes any amendment affecting the compiled Act to that date.

This compilation was prepared on 20 June 2013.

The notes at the end of this compilation (the endnotes) include information about amending Acts and instruments and the amendment history of each amended provision.

Uncommenced provisions and amendments

If a provision of the compiled Act is affected by an uncommenced amendment, the text of the uncommenced amendment is set out in the endnotes.

Application, saving and transitional provisions for amendments

If the operation of an amendment is affected by an application, saving or transitional provision, the provision is identified in the endnotes.

Modifications

If a provision of the compiled Act is affected by a textual modification that is in force, the text of the modifying provision is set out in the endnotes.

Provisions ceasing to have effect

If a provision of the compiled Act has expired or otherwise ceased to have effect in accordance with a provision of the Act, details of the provision are set out in the endnotes.

  

  

  


Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Definitions.......................................................................................... 1

4............ Imposition of tax................................................................................. 1

5............ Amount of tax..................................................................................... 1

Endnotes                                                                                                                                      2

Endnote 1—Legislation history                                                                               2

Endnote 2—Amendment history                                                                             3

Endnote 3—Uncommenced amendments [none]                                            4

Endnote 4—Misdescribed amendments [none]                                               5


An Act to impose excess non‑concessional contributions tax, and for related purposes

1  Short title

                   This Act may be cited as the Superannuation (Excess Non‑concessional Contributions Tax) Act 2007.

2  Commencement

                   This Act commences on the day on which it receives the Royal Assent.

3  Definitions

                   In this Act:

excess non‑concessional contributions has the same meaning as in the Income Tax Assessment Act 1997.

financial year has the same meaning as in the Income Tax Assessment Act 1997.

4  Imposition of tax

                   Excess non‑concessional contributions tax payable under section 292‑80 of the Income Tax Assessment Act 1997 is imposed.

5  Amount of tax

                   The amount of the tax is 47% of a person’s excess non‑concessional contributions for a financial year.


Endnotes

 

Endnote 1—Legislation history

This endnote sets out details of the legislation history of the Superannuation (Excess Non‑concessional Contributions Tax) Act 2007.

 

Act

Number and year

Assent date

Commencement
date

Application, saving and transitional provisions

Superannuation (Excess Non‑concessional Contributions Tax) Act 2007

11, 2007

15 Mar 2007

15 Mar 2007

 

Superannuation (Excess Non‑concessional Contributions Tax) Amendment (DisabilityCare Australia) Act 2013

46, 2013

28 May 2013

Schedule 1: 28 May 2013 (see s. 2(1))
Remainder: Royal Assent

Sch. 1 (item 2)

 

Endnote 2—Amendment history

This endnote sets out the amendment history of the Superannuation (Excess Non‑concessional Contributions Tax) Act 2007.

 

ad. = added or inserted    am. = amended    rep. = repealed    rs. = repealed and substituted    exp. = expired or ceased to have effect

Provision affected

How affected

s. 5......................................

am. No. 46, 2013

 

Endnote 3—Uncommenced amendments [none]

There are no uncommenced amendments.

 

Endnote 4—Misdescribed amendments [none]

There are no misdescribed amendments.