Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT (SIMPLIFICATION) ACT 2007 (NO. 15, 2007) - SCHEDULE 4

Income Tax Assessment Act 1997

1  Subsection 83‑180(5)

Omit " * employment termination payment", substitute "payment".

2  Subsection 83‑180(5)

Omit "employment termination payment", substitute "payment".

3  Subparagraph 290‑170(2)(c)(iii)

Omit "contributions", substitute "contribution".

4  Section 302‑5

Omit "are".

5  Paragraph 302‑5(a)

Before "paid", insert "are".

6  Paragraph 302‑5(b)

Before " * superannuation guarantee payments", insert "are".

7  Paragraph 960‑285(2)(a)

After "income year", insert "or financial year".

8  Subsection 960‑285(4) (formula)

After "income year", insert "or financial year".

Income Tax (Transitional Provisions) Act 1997

9  Paragraph 82‑10D(2)(b)

Omit "transitional", substitute "termination".

10  Part 3‑10

Relocate the Part to immediately after Part 3‑6.

11  Paragraphs 307‑125(6)(b) and (c)

Omit "item", substitute "section".

Taxation Administration Act 1953

12  Paragraph 298‑5(c) in Schedule 1

Omit "this Schedule; or", substitute "this Schedule.".

[ Minister's second reading speech made in--

House of Representatives on 7 February 2007

Senate on 26 February 2007 ]