Superannuation Laws Amendment (2004 Measures No. 1) Bill 2004

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
40

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Summary

Amends the: Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Superannuation (Government Co-contribution for Low Income Earners) Act 2003 to: extend eligibility for the Government co-contribution for low income earners; and ensure that persons entitled to a co-contribution cannot also claim a tax deduction for personal superannuation contributions; and Superannuation (Government Co-contribution for Low Income Earners) Act 2003 to make administrative and technical amendments in relation to: interest on unpaid co-contribution amounts; provider repayment dates and general interest charge; reports to Parliament; and payments of co-contributions into the Superannuation Holding Accounts Account.

Progress

House of Representatives
Introduced and read a first time 27 May 2004
Second reading moved 27 May 2004
Second reading agreed to 02 Jun 2004
Third reading agreed to 02 Jun 2004
Senate
Introduced and read a first time 15 Jun 2004
Second reading moved 15 Jun 2004
Second reading amendment agreed to
  • Details: 1 Opposition agreed to
23 Jun 2004
Second reading agreed to 23 Jun 2004
Third reading agreed to 23 Jun 2004
Assent
  • Act no.: 92
  • Year: 2004
29 Jun 2004

Documents and transcripts

Text of bill

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Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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Notes

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.