Income Tax (Superannuation Payments Withholding Tax) Bill 2002

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Bills Digest No. 100 2001-02
Income Tax (Superannuation Payments Withholding Tax) Bill 2002

This Digest was prepared for debate. It reflects the legislation as introduced and does not canvass subsequent amendments. This Digest does not have any official legal status. Other sources should be consulted to determine the subsequent official status of the Bill.


Passage History
Main Provisions
Contact Officer & Copyright Details

Passage History

Date Introduced: 14 February 2002

House: House of Representatives

Portfolio: Treasury

Commencement: The later of the day on which this Bill or the Taxation Laws Amendment (Superannuation) Bill (No.1) 2002 receives the Royal Assent


To formally include the departing Australia superannuation payment within the withholding tax regime and to set the rates of that tax.


Refer to the Digest for the Taxation Laws Amendment (Superannuation) Bill (No. 1) 2002, (Bill Digest No. 99, 2001 02).

Main Provisions

Clause 4 will impose the withholding tax on departing Australian superannuation payments.

Clause 5 deals with the rates of the tax, which will be:

  • for undeducted contributions nil
  • for a post-June 1994 invalidity component nil
  • for an untaxed element of a post-June 1983 component 40%, and
  • for other components 30%.


Contact Officer and Copyright Details

Chris Field
11 March 2002
Bills Digest Service
Information and Research Services

This paper has been prepared for general distribution to Senators and Members of the Australian Parliament. While great care is taken to ensure that the paper is accurate and balanced, the paper is written using information publicly available at the time of production. The views expressed are those of the author and should not be attributed to the Information and Research Services (IRS). Advice on legislation or legal policy issues contained in this paper is provided for use in parliamentary debate and for related parliamentary purposes. This paper is not professional legal opinion. Readers are reminded that the paper is not an official parliamentary or Australian government document.

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ISSN 1328-8091
© Commonwealth of Australia 2002

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Published by the Department of the Parliamentary Library, 2002.

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