House of Representatives

Tax Laws Amendment (Simplified Superannuation) Bill 2006

Superannuation (Excess Concessional Contributions Tax) Bill 2006

Superannuation (Excess Concessional Contributions Tax) Act 2007

Superannuation (Excess Non-concessional Contributions Tax) Bill 2006

Superannuation (Excess Untaxed Roll-over Amounts Tax) Bill 2006

Superannuation (Departing Australia Superannuation Payments Tax) Bill 2006

Superannuation (Self Managed Superannuation Funds) Supervisory Levy Amendment Bill 2006

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello MP)


The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
APRA Australian Prudential Regulation Authority
ATO Australian Taxation Office
CGT capital gains tax
Commissioner Commissioner of Taxation
ETP eligible termination payment
FBT fringe benefits tax
GIC general interest charge
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
PAYG pay as you go
RBL reasonable benefit limit
RSA retirement savings account
SG superannuation guarantee
TAA 1953 Taxation Administration Act 1953
TFN tax file number
This Bill Tax Laws Amendment (Simplified Superannuation) Bill 2006

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