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Footnotes

Chapter 1 Introduction

[1]       [2010] Federal Court of Australia Full Court (FCAFC) 84.

[2]       Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, Explanatory Memorandum (EM), pp. 9-11.

[3]       [2009] FCAFC 178.

[4]       Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, EM, pp. 19-20.

[5]       Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, EM, pp. 35-37.

[6]       Treasury, Concessional superannuation contribution caps for individuals aged 50 and over, Consultation Paper, February 2011, p. 1.

[7]       Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, EM, p. 37.

[8]       Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, EM, pp. 39-45.

[9]       Max Newnham, ‘Super law sleight of hand trumps fairness and equity, Sydney Morning Herald, 9 March 2012, p. 10.

[10]     Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, EM, p. 58.

[11]     Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, EM, pp. 57-60.

[12]     Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, EM, pp. 63-65.

[13]     Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, EM, p. 6.

[14]     [2011] FCAFC 142.

[15]     Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, EM, pp. 71-72.

[16]     See Schedule 7 of the Bill.

[17]     Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, EM, pp. 6-7.

[18]     The Hon. Mr Peter Costello MP, Treasurer, House of Representatives Hansard, 7 December 2006, p. 1.

[19]     Sections 292-20 and 960-285 of the Income Tax Assessment Act 1997, as amended by the Tax Laws Amendment (Simplified Superannuation) Act 2007.

[20]     The Hon. Mr Peter Costello MP, Treasurer, House of Representatives Hansard, 7 December 2006, p. 2.

[21]     Australia’s future tax system, ‘Retirement income consultation paper, 3 – An acceptable retirement income system’, viewed on 13 March 2012 at http://taxreview.treasury.gov.au/content/ConsultationPaper.aspx?doc=html/publications/Papers/Retirement_Income_Consultation_Paper/Chapter_3.htm.

[22]     The Hon. Mr Wayne Swan MP, Treasurer, House of Representatives Hansard, 27 May 2009, p. 4443.

[23]     Australia’s future tax system, Report to the Treasurer, Part Two, Detailed Analysis, vol. 1, December 2009, p. 100.

[24]     Max Newnham, ‘Penalties for excess super contributions need review’ Business Day, viewed on 13 March 2012 at http://www.smh.com.au/business/penalties-for-excess-super-contributions-need-review-20100408-rv8r.html; Liz Westover, ‘Excess Contributions Tax ... the saga continues’, viewed on 13 March 2012 at https://www.charteredaccountants.com.au/secure/myCommunity/blogs/lwestover/superannuation-blogs/122/excess-contributions-tax-the-saga-continues.

[25]     The Hon. Senator Nick Sherry, Assistant Treasurer, Senate Hansard, 3 March 2011, p. 1199.

[26]     Australian Taxation Office (ATO), ‘Excess contributions tax statistical report’ viewed on 13 March 2012 at http://www.ato.gov.au/superfunds/content.aspx?menuid=0&doc=/content/00286671.htm&page=1&H1.

[27]     John Hewison, ‘Excess superannuation contributions tax,’ Hewison Private Wealth, viewed on 14 March 2012 at http://www.hewison.com.au/live/blog/read/excess-superannuation-contributions-tax-%E2%80%93-unfair-government-revenue-raising.

[28]     ATO, Annual Report 2010-11, pp. 76, 106.

[29]     Max Newnham, ‘Penalties for excess super contributions need review’ Business Day, viewed on 13 March 2012 at http://www.smh.com.au/business/penalties-for-excess-super-contributions-need-review-20100408-rv8r.html; Gillian Bullock, ‘Canberra should stop tinkering with super’ Weekend Australian, 25 February 2012, p. 32.

[30]     Australian National Audit Office (ANAO), Administration of the Superannuation Lost Members Register, February 2011, Audit Report No. 31, 2010-11, pp. 14-15, 98-120.

[31]     Recommendation 23(b), Australia’s future tax system, Report to the Treasurer, Part Two, Detailed Analysis, vol. 1, December 2009, pp. 128-30.

[32]     Inspector General of Taxation (IGT), The Review into the ATO’s administration of the Superannuation Guarantee Charge, March 2010, p. 3.

[33]     IGT, The Review into the ATO’s administration of the Superannuation Guarantee Charge, March 2010, p. 4.

[34]     IGT, The Review into the ATO’s administration of the Superannuation Guarantee Charge, March 2010, p. 4.

[35]     IGT, The Review into the ATO’s administration of the Superannuation Guarantee Charge, March 2010, p. 5.

[36]     IGT, The Review into the ATO’s administration of the Superannuation Guarantee Charge, March 2010, p. 6.

[37]     Super System Review, Final Report: Part Two, Recommendation Packages, June 2010, pp. 297-98.

[38]     Australian Labor, ‘Protecting Workers’ Entitlements Package,’ viewed on 14 March 2012 at http://www.alp.org.au/protecting-workers-entitlements-package/.

[39]     Institute of Certified Bookkeepers (ICB), ‘Submissions: Exposure Draft - Payslip Reporting of Superannuation Contributions’, Treasury, viewed on 14 March 2012 at http://www.treasury.gov.au/contentitem.asp?NavId=066&ContentID=2320.

[40]     Treasury, Superannuation: Payslip Reporting: Summary of Consultation Process, pp. 2, 4, viewed on 14 March 2012 at http://www.treasury.gov.au/documents/2310/PDF/ Consultation_Summary.pdf.

[41]     Treasury, Superannuation: Payslip Reporting: Summary of Consultation Process, p. 1, viewed on 14 March 2012 at http://www.treasury.gov.au/documents/2310/PDF/ Consultation_Summary.pdf.

[42]     IGT, Review of Tax Office administration of GST refunds resulting from the lodgment of credit BASs, January 2005.

[43]     Australian National Audit Office (ANAO), Administration of High Risk Income Tax Refunds in the Individuals and Micro Enterprises Market Segments, November 2007, Audit Report No. 12, 2007-08.

Chapter 2 Issues in the Bill

[1]       Certified Public Accountants Australia (CPA Australia), Submission 3, p. 2.

[2]       CPA Australia, Submission 3, p. 1.

[3]       Mr Michael Davison, CPA Australia, Committee Hansard, Canberra, 16 March 2012, p. 2.

[4]       The Institute of Chartered Accountants in Australia (ICAA) and the Self Managed Super Fund Professionals’ Association of Australia (SPAA), Committee Hansard, Canberra, 16 March 2012, p. 2.

[5]       Association of Superannuation Funds of Australia (ASFA), Submission 5, p. 2.

[6]       Mr Robert Hodge, ASFA, Committee Hansard, Canberra, 16 March 2012, p. 3.

[7]       Ms Ruth Gabbitas, Treasury, Committee Hansard, Canberra, 16 March, 2012, p. 5.

[8]       Ms Ruth Gabbitas, Treasury, Committee Hansard, Canberra, 16 March 2012, p. 4.

[9]       Mr David Haynes, Australian Institute of Superannuation Trustees (AIST), Committee Hansard, Canberra, 16 March 2012, p. 6.

[10]     Mr Ross Clare, ASFA, Committee Hansard, Canberra, 16 March 2012, p. 6.

[11]     Mr Ross Clare, ASFA, Committee Hansard, Canberra, 16 March 2012, p. 5.

[12]     Ms Andrea Slattery, SPAA, Committee Hansard, Canberra, 16 March 2012, p. 5.

[13]     ICAA, Submission 6, p. 3.

[14]     ICAA, Submission 6, p. 3.

[15]     Mr Michael Davison, CPA Australia, Committee Hansard, Canberra, 16 March 2012, p. 8.

[16]     ASFA, Submission 5, p. 2.

[17]     ASFA, Submission 5, p. 2.

[18]     ASFA, Submission 5, p. 2.

[19]     Ms Ruth Gabbitas, Treasury, Committee Hansard, Canberra, 16 March 2012, p. 9.

[20]     Mr Thomas Garcia, AIST, Committee Hansard, Canberra, 16 March 2012, p. 10.

[21]     Mr Brett Peterson, ATO, Committee Hansard, Canberra, 16 March 2012, p. 12.

[22]     The Hon. William Shorten MP, Minister for Financial Services and Superannuation, House of Representatives Hansard, 1 March 2012, p. 1.

[23]     Ms Ruth Gabbitas, Treasury, Committee Hansard, Canberra, 16 March 2012, p. 9.

[24]     Mr David Haynes and Mr Thomas Garcia, AIST, Committee Hansard, Canberra, 16 March 2012, p. 11.

[25]     Mrs Andrea Slattery, SPAA, Committee Hansard, Canberra, 16 March 2012, p. 10.

[26]     Mrs Andrea Slattery, SPAA, Committee Hansard, Canberra, 16 March 2012, p. 10.

[27]     Mr Robert Hodge, ASFA, Committee Hansard, Canberra, 16 March 2012, p. 13.

[28]     Australia’s future tax system, Report to the Treasurer, Part Two, Detailed Analysis, vol. 1, December 2009, pp. 128-30.

[29]     Mr Robert Hodge, ASFA, Committee Hansard, Canberra, 16 March 2012, p. 13.

[30]     Mr Brett Peterson, ATO, Committee Hansard, Canberra, 16 March 2012, p. 16.

[31]     Mr Michael Davison, CPA Australia, Committee Hansard, Canberra, 16 March 2012, p. 8.

[32]     Ms Ruth Gabbitas, Treasury, Committee Hansard, Canberra, 16 March 2012, pp. 12-13.

[33]     Mr Brett Peterson, ATO, Committee Hansard, Canberra, 16 March 2012, p. 13.

[34]     Mr David Haynes, AIST, Committee Hansard, Canberra, 16 March, 2012, p. 13.

[35]     CPA Australia, Submission 3, p. 3.

[36]     ASFA, Submission 5, p. 2.

[37]     Mr David Haynes, AIST, Committee Hansard, Canberra, 16 March, 2012, p. 13.

[38]     Mr David Haynes, AIST, Committee Hansard, Canberra, 16 March, 2012, p. 16.

[39]     Mr Brett Peterson, ATO, Committee Hansard, Canberra, 16 March, 2012, p. 14.

[40]     Mr Brett Peterson, ATO, Committee Hansard, Canberra, 16 March, 2012, p. 14.

[41]     Mr David Haynes, AIST, Committee Hansard, Canberra, 16 March, 2012, p. 14.

[42]     Mr Robert Hodge, ASFA, Committee Hansard, Canberra, 16 March, 2012, p. 16.

[43]     Mr Robert Hodge, ASFA, Committee Hansard, Canberra, 16 March, 2012, p. 16.

[44]     Ms Ruth Gabbitas, Treasury, Committee Hansard, Canberra, 16 March 2012, p. 19; Mr David Haynes, AIST, Committee Hansard, Canberra, 16 March 2012, p. 19.

[45]     AIST, Submission 2, p. 9.

[46]     Ms Ruth Gabbitas, Treasury, Committee Hansard, Canberra, 16 March 2012, p. 19.

[47]     Mr Ross Clare, ASFA, Committee Hansard, Canberra, 16 March 2012, p. 17; Mrs Andrea Slattery, SPAA, Committee Hansard, Canberra, 16 March 2012, p. 18.

[48]     Tax and Superannuation Laws Amendment (2012 Measures No. 1) Bill 2012, Explanatory Memorandum, p. 64.

[49]     Mr David Haynes, AIST, Committee Hansard, Canberra, 16 March 2012, p. 17.

[50]     Mr David Haynes, AIST, Committee Hansard, Canberra, 16 March 2012, p. 18.

[51]     Mr Robert Hodge, ASFA, Committee Hansard, Canberra, 16 March 2012, p. 18.

[52]     The Institute of Certified Bookkeepers (ICB), ‘Submissions: Exposure Draft – Payslip Reporting of Superannuation Contributions’, Treasury, 16 February 2012, pp. 1-2.

[53]     ICB, ‘Submissions: Exposure Draft – Payslip Reporting of Superannuation Contributions’, Treasury, 16 February 2012, p. 1.

[54]     Ms Elizabeth Westover, ICAA, Committee Hansard, Canberra, 16 March 2012, p. 19.

[55]     Mr David Haynes, AIST, Committee Hansard, Canberra, 16 March 2012, p. 17.

[56]     Mr Robert Hodge, ASFA, Committee Hansard, Canberra, 16 March 2012, p. 21.

[57]     ICAA, Submission 6, p. 4.

[58]     Mr David Haynes, AIST, Committee Hansard, Canberra, 16 March 2012, p. 18.

[59]     Mr Thomas Garcia, AIST, Committee Hansard, Canberra, 16 March 2012, p. 18.

[60]     Mr Micheal Davison, CPA Australia, Committee Hansard, Canberra, 16 March 2012, p. 21.

[61]     Mr David Haynes, AIST, Committee Hansard, Canberra, 16 March 2012, p. 18; Mr Michael Davison, CPA Australia, Committee Hansard, Canberra, 16 March 2012, p. 17.

[62]     The discussion is drawn from the Law Council of Australia, Submission 7, pp. 2-5.

[63]     Withholding for 14 days; objection within 60 days; 60 days must pass before the taxpayer can require the ATO to decide on the objection; and after a further 60 days, the ATO is deemed to have disallowed the taxpayer’s objection – see Law Council of Australia, Submission 7, p. 4.

[64]     Ms Gina Lazanas, Law Council of Australia, Committee Hansard, Canberra, 16 March 2012, p. 23.

[65]     Ms Margot Tredoux, Treasury, Committee Hansard, Canberra, 16 March 2012, p. 26.

[66]     Ms Brenda Berkeley, Treasury, Committee Hansard, Canberra, 16 March 2012, p. 25.

[67]     Ms Brenda Berkeley, Treasury, Committee Hansard, Canberra, 16 March 2012, p. 25.

[68]     Mr James O’Halloran, ATO, Committee Hansard, Canberra, 16 March 2012, p. 28.

[69]     Ms Brenda Berkeley, Treasury, Committee Hansard, Canberra, 16 March 2012, p. 29.

[70]     Ms Brenda Berkeley, Treasury, Committee Hansard, Canberra, 16 March 2012, pp. 23, 27.

[71]     Mr James O’Halloran, ATO, Committee Hansard, Canberra, 16 March 2012, pp. 24, 29.

[72]     Ms Brenda Berkeley, Treasury, Committee Hansard, Canberra, 16 March 2012, p. 24; Ms Gina Lazanas, Law Council of Australia, Committee Hansard, Canberra, 16 March 2012, p. 28.

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