House of Representatives
Tax and Superannuation Laws Amendment (Increased Concessional Contributions Cap and Other Measures) Bill 2013
Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Bill 2013
Explanatory Memorandum
(Circulated by the authority of the Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, the Hon Bill Shorten MP)Index
Schedule 1: Superannuation concessional contributions cap
| Bill reference | Paragraph number |
| Items 1 and 2, note 2 in section 292-20 of the ITAA 1997 and paragraph 292-20(1)(a) of the IT(TP) 1997 | 1.11 |
| Item 2, paragraph 292-20(1)(b) of the ITTP 1997 | 1.12 |
| Item 2, subsection 292-20(2) of the ITTP 1997 | 1.14 |
| Item 2, subsection 292-20(3) of the ITTP 1997 | 1.15 |
Schedule 2: Low income superannuation contribution: technical amendments
| Bill reference | Paragraph number |
| Items 1, 2, 4, 5 and 9 | 2.63 |
| Item 3, subsection 12B(3) | 2.41 |
| Items 6 and 7, paragraphs 12C(1)(a) and 12C(2)(a) | 2.49 |
| Item 7, paragraphs 12C(2)(a) and 12C(2)(d) | 2.27 |
| Item 7, paragraph 12C(2)(b) | 2.23 |
| Item 7, paragraph 12C(2)(c) | 2.26 |
| Item 7, subparagraph 12C(2)(c)(i) | 2.28 |
| Item 7, subsection 12C(4) | 2.33 |
| Item 7, subsection 12C(5) | 2.38 |
| Items 8 and 10 | 2.51 |
| Item 11, paragraph 12E(2)(c) | 2.56 |
| Item 12, subsections 12E(3) and (4) | 2.54 |
| Item 13, section 12F | 2.42 |
| Item 13, section 12G | 2.59 |
| Item 14, section 56 | 2.50 |
| Item 15 | 2.61 |
Schedule 3: Sustaining the superannuation contribution concession
| Bill reference | Paragraph number |
| Part 1, item 1, Subdivision 293-A of the Income Tax Assessment Act 1997 (ITAA 1997) | 4.6 |
| Part 1, item 1, section 293-15 of the ITAA 1997 | 4.10 |
| Item 1, section 293-150 of the ITAA 1997 | 4.80 |
| Part 1, item 1, subsection 293-20(2) of the ITAA 1997 | 4.22 |
| Part 1, item 1, section 293-25 of the ITAA 1997 | 4.31 |
| Part 1, item 1, paragraph 293-25(b) of the ITAA 1997 | 4.51 |
| Part 1, item 1, paragraph 293-25(b) and subsection 293-115(1) of the ITAA 1997 | 4.72 |
| Part 1, item 1, section 293-30 of the ITAA 1997 | 4.32 |
| Part 1, item 1, subsections 293-30(1) and 293-115(1) of the ITAA 1997 | 4.84 |
| Part 1, item 1, section 293-35 of the ITAA 1997 | 4.40 |
| Part 1, item 1, subsections 293-65(1) and 293-70(1) and section 293-75 of the ITAA 1997 | 5.36 |
| Part 1, items 1 and 2, subsections 293-65(2) and 293-70(2) of the ITAA 1997 and section 133-105 of Schedule 1 to the TAA 1953 | 5.39 |
| Part 1, items 1 and 2, sections 293-65 and 293-70 of the ITAA 1997 and subsection 133-10(3) of Schedule 1 to the TAA 1953 | 5.98 |
| Part 1, item 1, section 293-75 of the ITAA 1997 | 5.175 |
| Part 1, item 1, note 2 and note 3 in section 293-75 of the ITAA 1997 | 5.176 |
| Part 1, item 1, section 293-105 of the ITAA 1997 | 4.52 |
| Part 1, item 1, section 293-110 of the ITAA 1997 | 4.59 |
| Part 1, item 1, section 293-115 of the ITAA 1997 | 4.61 |
| Part 1, item 1, subsection 293-115(3) of the ITAA 1997 | 4.62 |
| Part 1, item 1, subsection 293-115(4) of the ITAA 1997 | 4.63 |
| Item 1, Part 1, subsection 293-115(5) of the ITAA 1997 | 4.64 |
| Item 1, Part 1, subsection 293-115(6) of the ITAA 1997 | 4.65 |
| Part 1, item 1, subsection 293-190(1) and section 293-195 of the ITAA 1997 | 4.75 |
| Part 1, item 1, Subdivision 293-E of the ITAA 1997 | 4.79 |
| Part 1, item 1, subsection 293-20(1) of the ITAA 1997 | 4.20, 4.21 |
| Part 1, item 1, subsection 293-145(1) of the ITAA 1997 | 4.81 |
| Part 1, item 1, subsection 293-145(2) of the ITAA 1997 | 4.82 |
| Part 1, item 1, section 293-150 of the ITAA 1997 | 4.83 |
| Part 1, item 1, section 293-155 of the ITAA 1997 | 4.85 |
| Part 1, item 1, subsection 293-160(1) of the ITAA 1997 | 4.86 |
| Part 1, item 1, subsection 293-160(2) of the ITAA 1997 | 4.87 |
| Part 1, item 1, section 293-200 of the ITAA 1997 | 4.77 |
| Part 1, item 1, section 293-230 of the ITAA 1997 | 4.89 |
| Part 1, item 1, subsection 293-235(1) of the ITAA 1997 | 4.91 |
| Part 1, item 1, subsection 293-235(2) of the ITAA 1997 | 4.92 |
| Part 1, item 1, subsection 293-235(3) of the ITAA 1997 | 4.90 |
| Part 1, item 1, paragraph 293-240(1)(a) of the ITAA 1997 | 4.93 |
| Part 1, item 1, paragraph 293-240(1)(b) of the ITAA 1997 | 4.94 |
| Part 1, item 1, paragraph 293-240(1)(b) and subsection 293-235(3) of the ITAA 1997 | 4.95 |
| Part 1, item 1, subsection 293-240(2) of the ITAA 1997 | 4.96 |
| Part 1, item 2, Division 133 of Schedule 1 to the TAA 1953 | 5.40 |
| Part 1, item 2, section 133-10 of Schedule 1 to the TAA 1953 | 5.45 |
| Part 1, item 2, sections 133-10, 133-25, 133-65 and 133-70 of Schedule 1 to the TAA 1953 | 5.65 |
| Part 1, item 2, sections 133-10, 133-65 and 133-70 of Schedule 1 to the TAA 1953 | 5.155 |
| Part 1, item 2, sections 133-10, 133-25, 133-30, 133-60 and 133-70 of Schedule 1 to the TAA 1953 | 5.43 |
| Part 1, item 2, subsection 133-10(1) of Schedule 1 to the TAA 1953 | 5.47 |
| Part 1, item 2, subsections 133-10(1) and (2) of Schedule 1 to the TAA 1953 | 5.50 |
| Part 1, item 2, note to subsections 133-10(1) and 133-25(2) of Schedule 1 to the TAA 1953 | 5.54 |
| Part 1, item 2, subsection 133-10(3) of Schedule 1 to the TAA 1953 | 5.46 |
| Part 1, item 2, subsections 133-10(3) and 133-125(1) of Schedule 1 to the TAA 1953 | 5.75 |
| Part 1, item 2, subsection 133-10(4) of Schedule 1 to the TAA 1953 | 5.48 |
| Part 1, item 2, section 133-15 of Schedule 1 to the TAA 1953 | 5.56 |
| Part 1, item 2, paragraph 133-15(1)(b) of Schedule 1 to the TAA 1953 | 5.60 |
| Part 1, item 2, subsections 133-15(1) and 133-15(2) of Schedule 1 to the TAA 1953 | 5.61 |
| Part 1, item 2, sections 133-20 and 133-60 of Schedule 1 to the TAA 1953 | 5.62 |
| Part 1, item 2, sections 133-25 and 133-30 of Schedule 1 to the TAA 1953 | 5.53 |
| Part 1, item 2, section 133-30 of Schedule 1 to the TAA 1953 | 5.51 |
| Part 1, item 2, subsection 133-30(3) of Schedule 1 to the TAA 1953 | 5.52 |
| Part 1, item 2, section 133-60 of Schedule 1 to the TAA 1953 | 5.49 |
| Part 1, item 2, section 133-60 of Schedule 1 to the TAA 1953 | 5.63 |
| Part 1, item 2, sections 133-60 and 133-65 of Schedule 1 to the TAA 1953 | 5.44 |
| Part 1, item 2, section 133-65 of the TAA 1953 | 5.68 |
| Part 1, item 2, subsection 133-65(2) of Schedule 1 to the TAA 1953 | 5.69 |
| Part 1, item 2, section 133-70 of Schedule 1 to the TAA 1953 | 5.71, 5.73 |
| Part 1, item 2, section 133-70 of Schedule 1 to the TAA 1953 | 5.157 |
| Part 1, item 2, sections 133-75 and 133-140 of Schedule 1 to the TAA 1953 | 5.67 |
| Part 1, item 2, section 133-105 of Schedule 1 to the TAA 1953 | 5.72, 5.96 |
| Part 1, item 2, paragraph 133-105(2)(a) of Schedule 1 to the TAA 1953 | 5.74 |
| Part 1, item 2, paragraph 133-105(2)(b) and note 2 to paragraph 133-105(2)(b) of Schedule 1 to the TAA 1953 | 5.97 |
| Part 1, item 2, section 133-110 of Schedule 1 to the TAA 1953 | 5.76 |
| Part 1, item 2, section 133-115 of Schedule 1 to the TAA 1953 | 5.100 |
| Part 1, item 2, section 133-120 of Schedule 1 to the TAA 1953 | 5.101, 5.106 |
| Part 1, item 2, sections 133-120 and 133-140 of Schedule 1 to the TAA 1953 | 5.102 |
| Part 1, item 2, subsection 133-120(2) of Schedule 1 to the TAA 1953 | 5.109 |
| Part 1, item 2, subsection 133-120(3) of Schedule 1 to the TAA 1953 | 5.107 |
| Part 1, item 2, section 133-125 of Schedule 1 to the TAA 1953 | 5.78, 5.83, 5.99 |
| Part 1, item 2, subsection 133-125(4) of Schedule 1 to the TAA 1953 | 5.104 |
| Part 1, item 2, subsection 133-130(1) of Schedule 1 to the TAA 1953 | 5.90 |
| Part 1, item 2, paragraph 133-130(1)(a) of Schedule 1 to the TAA 1953 | 5.87 |
| Part 1, item 2, paragraphs 133-130(1)(b) and (c) of Schedule 1 to the TAA 1953 | 5.88 |
| Part 1, item 2, paragraph 133-130(1)(d) and subsections 133-130(2) and (3) of Schedule 1 to the TAA 1953 | 5.89 |
| Part 1, item 2, section 133-135 of Schedule 1 to the TAA 1953 | 5.79 |
| Part 1, item 2, section 133-140 of Schedule 1 to the TAA 1953 | 5.80, 5.111 |
| Part 1, item 2, section 133-140 of Schedule 1 to the TAA 1953 | 5.112 |
| Part 1, item 2, Division 135 of Schedule 1 to the TAA 1953 | 5.37, 5.120 |
| Part 1, item 2, Subdivision 135-A of Schedule 1 to the TAA 1953 | 5.121 |
| Part 1, item 2, section 135-10 of Schedule 1 to the TAA 1953 | 5.116 |
| Part 1, item 2, subsection 135-10(1) of Schedule 1 to the TAA 1953 | 5.152 |
| Part 1, item 2, subsections 135-10(1) and 135-40(3) and table item 3 of subsection 135-10(2) of Schedule 1 to the TAA 1953 | 5.84 |
| Part 1, item 2, table items 1 and 2 of subsection 135-10(1) of Schedule 1 to the TAA 1953 | 5.122 |
| Part 1, item 2, subsection 135-10(2) | 5.123 |
| Part 1, item 2, subsection 135-10(3) of Schedule 1 to the TAA 1953 | 5.124 |
| Part 1, item 2, note to subsection 135-10(4) of Schedule 1 to the TAA 1953 | 5.125 |
| Part 1, item 2, subsection 135-10(4) of Schedule 1 to the TAA 1953 | 5.126, 5.127 |
| Part 1, item 2, subsections 135-10(5) and 135-75(1) of Schedule 1 to the TAA 1953 | 5.85 |
| Part 1, item 2, subsection 135-10(5) of Schedule 1 to the TAA 1953 | 5.114 |
| Part 1, item 2, sections 135-40 and 135-90 of Schedule 1 to the TAA 1953 | 5.118 |
| Part 1, item 2, section 135-40 of Schedule 1 to the TAA 1953 | 5.133, 5.134 |
| Part 1, item 2, subsections 135-40(3), 135-75(4) and 136-185(1) and section 135-90 of Schedule 1 to the TAA 1953 | 5.135 |
| Part 1, item 2, section 135-45 and note to subsection 135-54(1) of Schedule 1 to the TAA 1953 | 5.129 |
| Part 1, item 2, subsection 135-45(2) of Schedule 1 to the TAA 1953 | 5.131 |
| Part 1, item 2, section 135-75 of Schedule 1 to the TAA 1953 | 5.140, 5.145 |
| Part 1, item 2, subsections 135-75(2) and (3) of Schedule 1 to the TAA 1953 | 5.142 |
| Part 1, item 2, note 3 in subsection 135-75(3) of Schedule 1 to the TAA 1953 and Part 2, item 36, paragraph 390-65(1)(a) of Schedule 1 to the TAA 1953 | 5.146 |
| Part 1, item 2, note 1 in subsection 135-75(3) of Schedule 1 to the TAA 1953 and Part 2, item 27, subsection 288-95(4) of Schedule 1 to the TAA 1953 | 5.148 |
| Part 1, item 2, subsection 135 75(4) and section 135-95 of Schedule 1 to the TAA 1953 | 5.150 |
| Part 1, item 2, section 135-85 of Schedule 1 to the TAA 1953 | 5.149 |
| Part 1, item 2, section 135-90 of Schedule 1 to the TAA 1953 | 5.137 |
| Part 1, item 2, subsection 135-90(2) of Schedule 1 to the TAA 1953 | 5.138 |
| Part 1, item 2, subsection 135-90(4) of Schedule 1 to the TAA 1953 | 5.132 |
| Part 1, item 2, section 135-100 of Schedule 1 to the TAA 1953 | 5.139 |
| Part 1, item 2, item 2 in the table in subsection 135-10(2) of Schedule 1 to the TAA 1953 | 5.156 |
| Part 1, item 2, subsection 133-105(3) of Schedule 1 to the TAA 1953 | 5.159 |
| Part 1, item 2, sections 133-110 and 133-130 of Schedule 1 to the TAA 1953 | 5.158 |
| Part 1, item 2, section 133-115 of Schedule 1 to the TAA 1953 | 5.177 |
| Part 1, item 2, Subdivision 135-B of Schedule 1 to the TAA 1953 | 6.24 |
| Part 1, item 2, section 135-10 of Schedule 1 to the TAA 1953 and Part 2, item 9, section 304-20 of the ITAA 1997 | 5.166 |
| Part 1, item 2, subsection 135-40(3) of Schedule 1 to the TAA 1953 | 5.161 |
| Part 1, item 2, section 133-145 of Schedule 1 to the TAA 1953 | 5.81 |
| Part 1, item 2, subsection 135-80 of Schedule 1 to the TAA 1953 | 5.180 |
| Part 1, item 2, section 135-85 of Schedule 1 to the TAA 1953 | 6.14 |
| Part 1, item 2, subsection 135-90(1) of Schedule 1 to the TAA 1953 | 5.179 |
| Part 1, item 2, section 135-100 of Schedule 1 to the TAA 1953 and Part 2, items 9 and 10, sections 10-5, 11-55, 303-20 and 304-20 of the ITAA 1997 | 5.162 |
| Part 1, item 2, sections 293-65, 293-70 and 293-75 of the ITAA 1997 | 5.153 |
| Part 1, item 3, paragraph 155-5(2)(f) of Schedule 1 to the TAA 1953 | 5.23 |
| Part 1, item 3, subsection 133-65(3) of Schedule 1 to the TAA 1953 | 5.70 |
| Part 1, item 4, note to subsection 155-15(1) of Schedule 1 to the TAA 1953 | 5.24 |
| Part 1, item 5, subsection 155-30(3) of Schedule 1 to the TAA 1953 | 5.25 |
| Part 2, item 8, section 26-100 of the ITAA 1997 | 5.178 |
| Part 2, item 9, section 303-20 of the ITAA 1997 | 5.163, 5.164 |
| Part 2, item 10, sections 303-20 and 304-20 of the ITAA 1997 | 5.128 |
| Part 2, item 10, definition of assessed Division 293 tax, debt account discharge liability, deferral reversal, deferred to a debt account, defined benefit contributions, defined benefit tax, Division 293 tax, Division 293 tax law, end benefit, low tax contributions, release entitlement and taxable contributions in subsection 995-1(1) of the ITAA 1997 | 6.5 |
| Part 2, items 11 and 12, paragraphs 15CA(1)(ba), (bb) and (c) and 15CA(2)(ba), (bb) and (c) of the Superannuation (Resolution of Complaints) Act 1993 | 5.32 |
| Part 2, item 13, subsection 8AAB(4) of the TAA 1953 | 6.6 |
| Part 2, item 14, subsection 8AAB(4) of the TAA 1953 | 6.7 |
| Part 2, item 15, note to subsection 155-90(1) of Schedule 1 to the TAA 1953 | 5.31 |
| Part 2, item 17, table item 38BB in subsection 250-10(2) of Schedule 1 to the TAA 1953 | 5.38 |
| Part 2, items 17 and 19, table items 37AA, 37AB, 37AC and 41 in subsection 250-10(2) of Schedule 1 to the TAA 1953 | 6.8 |
| Part 2, item 20, table items 73 and 136A in subsection 250-10(2) of Schedule 1 to the TAA 1953 | 5.103 |
| Part 2, item 23, section 280-102B of Schedule 1 to the TAA 1953 | 5.168 |
| Part 2, item 23, subsection 280-102B(2) of Schedule 1 to the TAA 1953 | 5.171 |
| Part 2, item 23, subsection 280-102B(3) and section 280-105 of Schedule 1 to the TAA 1953 | 5.169 |
| Part 2, item 23, subsection 280-102B(4) of Schedule 1 to the TAA 1953 | 5.170 |
| Part 2, item 25, subsection 280-110(1) of Schedule 1 to the TAA 1953 | 5.173 |
| Part 2, item 26, section 280-170 of Schedule 1 to the TAA 1953 | 5.174 |
| Part 2, item 29, section 288-100 of Schedule 1 to the TAA 1953 | 5.167 |
| Part 2, item 30, paragraph 350(5)(c) of Schedule 1 to the TAA 1953 | 5.181 |
| Part 2, item 31, subparagraph 353-10(1)(a)(iia), item 32, subparagraphs 353-10(1)(b)(iia) and (c)(iia), item 33, section 353-15, and item 34, subsection 353-15(1) of Schedule 1 to the TAA 1953 | 5.182 |
| Part 2, item 35, paragraph 390-5(9A)(d) of Schedule 1 to the TAA 1953 | 5.30 |
| Part 3, subitem 37(4) | 6.48 |
| Part 3, item 38, Division 293 of the Income Tax (Transitional Provisions) Act 1997 and item 39 | 6.46 |
| Part 3, subitem 39(3) | 6.47 |
| Part 2, section 133-120 and note 2 to subsection 133-105(2) of Schedule 1 to the TAA 1953) | 5.27 |
Schedule 4: Sustaining the superannuation contribution concession: consequential amendments
| Bill reference | Paragraph number |
| Part 1, item 1, subsection 4BA(1) of the GGA 1974 and Schedule 3, Part 1, item 2, Subdivision 135-B of Schedule 1 to the TAA 1953 | 6.13 |
| Part 1, item 1, subsections 4BA(3) and (4) of the GGA 1974 | 6.15 |
| Part 1, item 1, subsection 4BA(6) of the GGA 1974 | 6.16 |
| Part 1, item 1, subsection 4BA(7) of the GGA 1974 | 6.18 |
| Part 1, item 1, subsection 4BA(9) of the GGA 1974 | 6.19 |
| Part 1, item 1, subsection 4BA(10) of the GGA 1974 | 6.20 |
| Part 1, item 2, sections 135-85 and 135-95 of Schedule 1 to the TAA 1953 | 6.36 |
| Part 2, subsection 22SC(1) of the PCSA 1948 | 6.23 |
| Part 2, item 3 and 4, subsections 18A(1) and 18B(17) of the PCSA 1948 | 6.21 |
| Part 2, item 5, section 22SC of the PCSA 1948 | 6.22 |
| Part 2, item 5, section 22SD of the PCSA 1948 | 6.25 |
| Part 2, item 5, subsection 22SE(1) of the PCSA 1948 | 6.26 |
| Part 2, item 5, subsection 22SE(2) of the PCSA 1948 | 6.28 |
| Part 2, item 5, subsection 22SE(4) of the PCSA 1948 | 6.29 |
| Part 3, item 6, definition of benefit in subsection 3(1) of the SA 1976 | 6.31 |
| Part 3, item 11, section 146RB of the SA 1976 | 6.33 |
| Part 3, item 11, subsection 146 RB(2) of the SA 1976 | 6.35 |
| Part 3, item 11, section 146RC of the SA 1976 | 6.34 |
| Part 3, item 11, section 146RD of the SA 1976 | 6.37 |
| Part 3, item 11, subsection 146RD(3) of the SA 1976 | 6.38 |
| Part 3, item 11, subsection 146RE of the SA 1976 | 6.40 |
| Part 3, item 11, subsection 146RE(3) of the SA 1976 | 6.43 |
| Part 4, item 12, subsection 16(8) of the SA 1990 | 6.44 |