Second Reading Speeches

Superannuation Budget Measures Bill 2004

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

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Summary

Amends the:

Superannuation (Government Co-contribution for Low Income Earners) Act 2003
to: increase the level of Government matching of personal superannuation contributions; increase the maximum amount of co-contribution available; increase the income level up to which the maximum co-contribution applies; and reduce the rate by which the maximum co-contribution phases out; and 3 Acts to reduce the maximum surcharge rates over the next 3 financial years; and 5 Acts to reduce the superannuation surcharge cap. Also contains application provisions.

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