Summary
Amends the
Superannuation Contributions Tax (Assessment and Collection) Act 1997
,
Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997
and
Termination Payments Tax (Assessment and Collection) Act 1997
to abolish the surcharge payable on individuals’ surchargeable superannuation contributions and relevant termination payments, with effect from 1 July 2005. Also makes consequential amendments to 7 other Acts.