Introduced with the Superannuation Guarantee Charge Amendment Bill 2002, the bill amends: the
Superannuation Guarantee (Administration) Act 1992 to require at least quarterly superannuation contributions on behalf of employees; 3 Acts to reduce the superannuation surcharge rates; 5 Acts to reduce the superannuation surcharge cap; the
Income Tax Assessment Act 1936 and
Income Tax Assessment Act 1997 to limit when a contribution to a complying superannuation fund or retirement saving account will be an allowable tax deduction; the
Income Tax Assessment Act 1936 to: allow superannuation contributions to be made on behalf of children; and increase the deduction limit for personal superannuation contributions made by the self-employed; and the
Bankruptcy Act 1966 to ensure that the superannuation guarantee charge and any related general interest charge have the same priority in bankruptcy as salary or wages. Also makes technical amendments to 4 Acts, consequential amendments to 6 Acts and contains application and transitional provisions.