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TAXATION LAWS AMENDMENT (SUPERANNUATION CONTRIBUTIONS) BILL 2000
Public Hearing
Monday 27 November 2000
On Monday 27 November, in Canberra, the Senate Select Committee on Superannuation
and Financial Services will be holding a public hearing into the provisions
of the Taxation Laws Amendment (Superannuation Contributions) Bill 2000.
The Bill will amend the Income Tax Assessment Act 1936, the Income
Tax Assessment Act 1997 and the Fringe Benefits Tax Assessment
Act 1986, in order to clarify the definition of ‘eligible employee’,
to deny deductions for employer superannuation contributions knowingly
made to non-complying superannuation funds, and to ensure that only contributions
made on behalf of an employee are excluded from fringe benefits tax.
In referring the Bill to the Committee for inquiry and report, the Selection
of Bills Committee determined that the principal issue for consideration
is the use of offshore superannuation schemes for tax evasion.
The Committee will be taking evidence from some groups and individuals
involved in the superannuation industry and taxation planners, as well
as officials from the Australian Taxation Office.
The draft program for the hearing is attached.
Contact:
| For comment: |
Senator John Watson
Chair
|
02 6277 3685 (Canberra) or
03 6331 4544 (Launceston, TAS) |
| For information: |
Sue Morton
Secretary
|
02 6277 3458 or
0416278258 |
| Internet access: |
http://www.aph.gov.au/senate/committee |
|
| Email: |
super.sen@aph.gov.au |
|
INQUIRY INTO TAXATION LAWS AMENDMENT
(SUPERANNUATION CONTRIBUTIONS) BILL 2000
DRAFT PROGRAM
PUBLIC HEARING
MONDAY 27 NOVEMBER
Venue: Committee Room 1S3, Parliament House, Canberra
| 3.15pm |
CPA Australia/ Institute
of Chartered Accountants in Australia
Mr Brad Pragnell, CPA Australia
Ms Susan Orchard, ICAA
|
| 3.45pm |
Mr Nick Petroulias |
| 4.15pm |
AUSTRAC
Ms Elizabeth Montano, Director
Mr Paul Ryan
|
| 4.45pm |
Corporate Super Association
Mr Nicholas Brookes, Chief Executive Officer
|
| 5.15pm |
Small Independent Superannuation
Funds Association
Mr Michael Lorimer
|
| 5.45pm |
Arthur Andersen
Mr Paul Ellis
Others (to be advised)
|
| 6.15pm |
(TO BE ADVISED) |
| 6.45pm |
Australian Taxation Office
Mr Kevin Fitzpatrick, First Assistant Commissioner,
High Wealth Individuals Project
Mr Trevor Thomas, Assistant Commissioner
Mr Tony Coles, Superannuation Branch
|
| 7.30pm |
CLOSE |
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