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Second Reading Speeches

Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Bill 2013

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Introduced with the Tax and Superannuation Laws Amendment (Increased Concessional Contributions Cap and Other Measures) Bill 2013, the bill imposes a 15 per cent tax on income earners whose income and concessionally taxed superannuation contributions exceed $300 000 for an income year.