Superannuation (Excess Concessional Contributions Tax) Act 2007
No. 10, 2007 as amended
Compilation start date: 28 May 2013
Includes amendments up to: Act No. 47, 2013
About this compilation
The compiled Act
This is a compilation of the Superannuation (Excess 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 4 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
2 Commencement
3 Definitions
4 Imposition of tax
5 Amount of tax
Endnotes
Endnote 1—Legislation history
Endnote 2—Amendment history
Endnote 3—Uncommenced amendments [none]
Endnote 4—Misdescribed amendments [none]
An Act to impose excess concessional contributions tax, and for related purposes
1 Short title
This Act may be cited as the Superannuation (Excess 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 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 concessional contributions tax payable under section 292‑15 of the Income Tax Assessment Act 1997 is imposed.
5 Amount of tax
The amount of the tax is 32% of a person’s excess concessional contributions for a financial year.
Endnotes
Endnote 1—Legislation history
This endnote sets out details of the legislation history of the Superannuation (Excess Concessional Contributions Tax) Act 2007.
Act | Number and year | Assent date | Commencement | Application, saving and transitional provisions |
Superannuation (Excess Concessional Contributions Tax) Act 2007 | 10, 2007 | 15 Mar 2007 | 15 Mar 2007 |
|
Superannuation (Excess Concessional Contributions Tax) Amendment (DisabilityCare Australia) Act 2013 | 47, 2013 | 28 May 2013 | Schedule 1: 28 May 2013 (see s. 2(1)) | Sch. 1 (item 2) |
Endnote 2—Amendment history
This endnote sets out the amendment history of the Superannuation (Excess 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. 47, 2013 |
Endnote 3—Uncommenced amendments [none]
There are no uncommenced amendments.
Endnote 4—Misdescribed amendments [none]
There are no misdescribed amendments.