Contents

1............ Short title see Note 1]....................................................................... 1

2............ Commencement [see Note 1].............................................................. 1

3............ Interpretation...................................................................................... 1

4............ Imposition of superannuation contributions surcharge...................... 1

5............ Rate of superannuation contributions surcharge................................ 1

6............ Surchargeable contributions threshold................................................ 4

7............ Indexation........................................................................................... 5

8............ Severability......................................................................................... 6

9............ Act does not impose tax on property of State................................... 7

Notes                                                                                                                                               9

 

 

 

Notes to the Superannuation Contributions Tax Imposition Act 1997

Note 1

The Superannuation Contributions Tax Imposition Act 1997 as shown in this compilation comprises Act No. 72, 1997 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Superannuation Contributions Tax Imposition Act 1997	72, 1997	5 June, 1997	5 June 1997
Superannuation Contributions Tax Imposition Amendment Act 1997	186, 1997	7 Dec 1997	Schedule 1: 5 June 1997 (a)	—
Taxation Laws Amendment (Superannuation) Act (No. 2) 2002	51, 2002	29 June 2002	Schedule 1 (items 189, 190): 1 July 2003 Schedule 1 (item 202(5), (6)): Royal Assent	Sch. 1 (item 202(5), (6))
Superannuation (Surcharge Rate Reduction) Amendment Act 2003	112, 2003	12 Nov 2003	Schedule 1: 1 July 2003 Remainder: Royal Assent	Sch. 1 (item 32)
Superannuation Budget Measures Act 2004	106, 2004	30 June 2004	30 June 2004	Sch. 2 (item 11(1))
Superannuation Laws Amendment (Abolition of Surcharge) Act 2005	102, 2005	12 Aug 2005	12 Aug 2005	—

(a)     The Superannuation Contributions Tax Imposition Act 1997 was amended by Schedule 1 only of the Superannuation Contributions Tax Imposition Amendment Act 1997, subsection 2(2) of which provides as follows:

                 (2)   Schedule 1 is taken to have commenced on 5 June 1997, immediately after the commencement of the Superannuation Contributions Tax Imposition Act 1997.

Table of Amendments

ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted
Provision affected	How affected
Note to s. 4..........................	ad. No. 102, 2005
S. 5......................................	am. No. 186, 1997; No. 112, 2003; No. 106, 2004; No. 102, 2005
S. 6......................................	am. No. 51, 2002
Subhead. to s. 7(1).............	am. No. 112, 2003; No. 102, 2005
S. 7......................................	am. No. 112, 2003; No. 102, 2005

Table A

Application, saving or transitional provisions

Taxation Laws Amendment (Superannuation) Act (No. 2) 2002 (No. 51, 2002)

Schedule 1

202  Application of amendments made by Part 2

(5)        Subject to subitem (6), the amendments made by items 189 to 192 apply in relation to surcharge imposed by the Superannuation Contributions Tax Imposition Act 1997 and the Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Imposition Act 1997 for the 2003‑2004 financial year and later financial years.

(6)        However, for the 2003‑2004 year, the amount that is the previous charge percentage (which is a number that relates to the 2002‑2003 year) is to be determined as if the amendments made by items 190 and 192 had not been made.

Superannuation (Surcharge Rate Reduction) Amendment Act 2003
(No. 112, 2003)

Schedule 1

32  Application of amendments made by Part 1

The amendments made by Part 1 apply in relation to liability to surcharge in respect of the 2003‑04 financial year and later financial years.

Note:       The Acts amended by Part 1 continue to apply in relation to liability to surcharge in respect of financial years that ended before 1 July 2003 as if the amendments made by Part 1 had not been made.

Superannuation Budget Measures Act 2004 (No. 106, 2004)

Schedule 2

11  Application of amendments

(1)        The amendments made by Part 1 of this Schedule apply in relation to liability to surcharge in respect of the 2004‑05 financial year and later financial years.