Contents

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

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

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

4............ Trustee may reduce member’s benefits on account of surcharge....... 1

Notes                                                                                                                                               3

 

An Act relating to the reduction of the benefits payable to members of unfunded non‑contributory Commonwealth superannuation schemes on account of superannuation contributions tax, and for related purposes

 

 

Notes to the Superannuation Contributions Tax (Application to the Commonwealth—Reduction of Benefits) Act 1997

Note 1

The Superannuation Contributions Tax (Application to the Commonwealth—Reduction of Benefits) Act 1997 as shown in this compilation comprises Act No. 69, 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 (Application to the Commonwealth—Reduction of Benefits) Act 1997	69, 1997	5 June 1997	5 June 1997
Superannuation Legislation Amendment (Superannuation Contributions Tax) Act 1997	187, 1997	7 Dec 1997	Schedule 9: 5 June 1997 (a)	—
Superannuation (Surcharge Rate Reduction) Amendment Act 2003	112, 2003	12 Nov 2003	Schedule 1: 1 July 2003 Remainder: Royal Assent	Sch. 1 (item 33)
Superannuation Budget Measures Act 2004	106, 2004	30 June 2004	30 June 2004	Sch. 2 (item 11(2))
Superannuation Laws Amendment (Abolition of Surcharge) Act 2005	102, 2005	12 Aug 2005	12 Aug 2005	—

(a)     The Superannuation Contributions Tax (Application to the Commonwealth—Reduction of Benefits) Act 1997 was amended by Schedule 9 only of the Superannuation Legislation Amendment (Superannuation Contributions Tax) Act 1997, subsection 2(2) of which provides as follows:

                 (2)   Schedule 9 is taken to have commenced on 5 June 1997, immediately after the commencement of the Superannuation Contributions Tax (Application to the Commonwealth—Reduction of Benefits) Act 1997.

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected	How affected
S. 4......................................	am. No. 187, 1997; No. 112, 2003; No. 106, 2004; No. 102, 2005

Table A

Application, saving or transitional provisions

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

Schedule 1

33  Application of items 24 to 30

The amendments made by items 24 to 30 apply in relation to benefits that become payable on or after 1 July 2003.

Note:       The Acts amended by items 24 to 30 continue to apply in relation to benefits that become payable before 1 July 2003 as if the amendments made by those items had not been made.

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

Schedule 2

11  Application of amendments

(2)        The amendments made by items 4 to 9 of this Schedule apply in relation to benefits that become payable on or after 1 July 2004.