House of Representatives
Superannuation (Objective) Bill 2016
Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016
Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016
Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon Scott Morrison MP and Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP)Index
Superannuation (Objective) Bill 2016
| Bill reference | Paragraph number |
| Items 1 and 9, subsection 307-80(2) and the definition of 'deferred superannuation income stream' in subsection 995-1(1) | 10.31 |
| Item 1, subsection 307-80(3) | 10.37 |
| Item 1, subsection 307-80(4) | 10.38 |
| Item 1, subsection 307-80(4) of the ITAA 1997 | 3.191 |
| Items 1 and 9, subsection 307-75(1) and the definition of 'retirement phase superannuation income stream benefit (or RP superannuation income stream benefit)' in subsection 995-1(1) | 10.40 |
| Items 1 and 9, subsection 307-75(2) and the definition of 'retirement phase superannuation income stream benefit (or RP superannuation income stream benefit)' in subsection 995-1(1) | 10.41 |
| Item 1, sections 307-75 and 307-80 of the ITAA 1997 | 3.35 |
| Items 1 and 9, subsection 307-80(1) and paragraph (a) of the definition of 'retirement phase' in subsection 995-1(1) | 10.30 |
| Item 1, subsection 307-80(3) and (4) | 10.44 |
| Items 2, 3, 4, 7 and 9, section 307-205, subsection 307-205(2), section 307-230 and the definitions of 'account-based annuity', 'accumulation phase value', 'total superannuation balance' , 'transfer balance' and 'transfer balance account' in subsection 995-1(1) | 5.16 |
| Items 2, 3, 4, 7 and 9, section 307-205, subsection 307-205(2), paragraph 307-230(1)(a) and the definitions of 'accumulation phase value ' and 'total superannuation balance' in subsection 995-1(1) | 5.17 |
| Item 3, paragraph 307-205(2)(a) | 5.20 |
| Items 4 and 9, paragraph 307-230(1)(b) and subsections 307-230(2), (3) and (4) and the definition of 'total superannuation balance' and 'transfer balance' and 'transfer balance account' in subsection 995-1(1) | 5.21 |
| Item 4, paragraph 307-230(1)(b) | 5.23 |
| Item 4, subsections 307-230(3) and (4) | 5.24, 5.26 |
| Items 4 and 7, paragraph 307-230(4)(d) and the definition of 'account-based annuity' in subsection 995-1(1) | 5.27 |
| Item 4, subparagraph 307-230(2)(b)(i) | 5.29 |
| Item 4, paragraph 307-230(1)(c) | 5.30 |
| Item 4, paragraph 307-230(2)(a) and subparagraph 307-230(2)(b)(ii) | 5.32 |
| Items 5 and 6, item 10A in the table in section 960-265 and item 3 in the table in subsection 960-285(7) of the ITAA 1997 | 3.49 |
| Item 6, column 3 of item 2 in the table in section 960-285 | 4.26 |
| Item 6, subsection 960-285(6) of the ITAA 1997 | 3.51 |
| Item 6, subsection 960-285(7) table item 2 | 5.8 |
| Item 6, subsection 960-285(7) table item 3 | 5.13 |
| Item 6, subsection 960-285(4) of the ITAA 1997 | 3.52 |
| Item 6, section 960-285 of the ITAA 1997 | 3.48 |
| Item 6, subsections 960-285(1), (2), (3) and (5) of the ITAA 1997 | 3.50 |
| Item 7, subsection 995-1(1) (definitions of 'assessed excess transfer balance tax', 'capped defined benefit income stream', 'child recipient', 'crystallised reduction amount', 'debit value', 'defined benefit income', 'defined benefit income cap', 'default commutation notice', 'excess transfer balance', 'excess transfer balance determination', 'excess transfer balance earnings', 'excess transfer balance period', 'excess transfer balance tax', 'general transfer balance cap', 'member spouse', 'retirement phase recipient', 'rounding amount', 'special value', 'superannuation income stream provider', 'transfer balance', 'transfer balance account', 'transfer balance cap', 'transfer balance credit' and 'transfer balance debit') of the ITAA 1997 | 3.307 |
| Item 8, the definition of 'complying superannuation life insurance policy' in subsection 995-1(1) | 10.46 |
| Item 9, paragraph (b) of the definition of 'retirement phase' in subsection 995-1(1) | 10.29 |
| Item 9, subsection 995-1(1) | 5.33 |
| Item 9 | 3.312, 3.313 |
| Item 9, the definition of 'deferred superannuation income stream' in subsection 995-1(1) | 10.32 |
Schedule 1: Transfer balance cap
| Bill reference | Paragraph number |
| Item 1, subsections 294-235(2) and (3) of the ITAA 1997 | 3.68 |
| Item 1, subsection 294-25(2) of the ITAA 1997 | 3.69 |
| Item 1, paragraph (gab) in Schedule 1 to the Administrative Decisions (Judicial Review) Act 1977 | 3.164 |
| Item 3, subsection 294-30(2) | 3.30 |
| Item 3, sections 294-170 and 294-175 of the ITAA 1997 | 3.267 |
| Items 3 and 34, note 7 to section 102-20 of the ITAA 1997 and paragraph 294-120(5)(b) of the IT(TP) Act 1997 and | 3.359 |
| Item 4, paragraph 294-15(2)(a) of the ITAA 1997 | 3.37 |
| Item 4, subsection 294-20(2) of the ITAA 1997 | 3.38 |
| Item 4, section 294-45 of the ITAA 1997 | 3.39 |
| Item 4, subsection 294-35(3) of the ITAA 1997 | 3.42 |
| Item 4, subsections 294-35(1) and (2) of the ITAA 1997 | 3.44 |
| Item 4, section 294-40 of the ITAA 1997 | 3.45 |
| Item 4, subsection 294-25(1) of the ITAA 1997 | 3.55 |
| Item 4, section 294-50 of the ITAA 1997 | 3.59 |
| Item 4, section 294-30 of the ITAA 1997 | 3.63 |
| Item 4, item 3 in the table in subsection 294-25(1) and subsection 294-235(1) of the ITAA 1997 | 3.64 |
| Item 4, subsection 294-235(2) of the ITAA 1997 | 3.65 |
| Item 4, section 294-10 and subsection 294-15(1) of the ITAA 1997 | 3.27 |
| Item 4, subsection 294-30(2) of the ITAA 1997 | 3.29 |
| Item 4, paragraph (b) of column 3 in item 2 of the table in subsection 294-25(1) of the ITAA 1997 | 3.80 |
| Item 4, paragraph (b) of column 3 in item 1 of the table in subsection 294-25(1) of the ITAA 1997 | 3.81 |
| Item 4, sections 294-75 and 294-80 of the ITAA 1997 | 3.99 |
| Item 4, item 1 in the table in subsection 294-80(1) of the ITAA 1997 | 3.106 |
| Item 4, item 2 in the table in subsection 294-80(1) of the ITAA 1997 | 3.112 |
| Item 4, subsection 294-80(2) of the ITAA 1997 | 3.115 |
| Item 4, items 3 and 4 in the table in subsection 294-80(1), and sections 294-85 and 294-90 of the ITAA 1997 | 3.117 |
| Item 4, item 3 in the table in subsection 294-80(1) and subsections 294-85(2) to (4) of the ITAA 1997 | 3.118 |
| Item 4, item 3 in the table in subsection 294-80(1) and subsections 294-85(5) to (7) of the ITAA 1997 | 3.120 |
| Item 4, item 1 in the table in subsection 294-80(1) of the ITAA 1997 | 3.126, 3.133 |
| Item 4, item 4 in the table in subsection 294-80(1), subsection 294-90(2) and paragraph 294-90(3)(a) of the ITAA 1997 | 3.129 |
| Item 4, paragraph 294-90(3)(b) of the ITAA 1997 | 3.130 |
| Item 4, subsections 294-90(1) and (4) of the ITAA 1997 | 3.131 |
| Item 4, section 294-95 of the ITAA 1997 | 3.134 |
| Item 4, item 5 in the table in subsections 294-80(1) of the ITAA 1997 | 3.136 |
| Item 4, item 7 in the table in subsections 294-80(1) of the ITAA 1997 | 3.137 |
| Item 4, item 6 in the table in subsection 294-80(1) of the ITAA 1997 | 3.142 |
| Item 4, sections 294-1 and 294-5 of the ITAA 1997 | 3.26 |
| Item 4, item 7 in the table in subsection 294-80(1) of the ITAA 1997 | 3.190 |
| Item 4, item 5 of the table in subsection 294-80(1) of the ITAA 1997 | 3.194 |
| Item 4, section 294-230 of the ITAA 1997; and sections 1, and 3 to 5 of the Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016 | 3.204 |
| Item 4, section 294-225; and subsection 5(1) the Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016 | 3.205 |
| Item 4, paragraph 294-230(3)(b) of the ITAA 1997 | 3.208 |
| Item 4, section 294-240 of the ITAA 1997 | 3.209 |
| Item 4, section 294-245 of the ITAA 1997 | 3.210 |
| Item 4, section 294-250 of the ITAA 1997 | 3.211 |
| Item 4, sections 294-120 and 294-125 of the ITAA 1997 | 3.215 |
| Item 4, section 294-130 of the ITAA 1997 | 3.219 |
| Item 4, paragraph 294-130(1)(a) and item 1 in the table in subsection 294-130(1) of the ITAA 1997 | 3.221 |
| Item 4, paragraph 294-130(1)(b) and items 2 to 7 in the table in subsection 294-130(1) of the ITAA 1997 | 3.222 |
| Item 4, subsection 294-135(1) of the ITAA 1997 | 3.224 |
| Item 4, subsection 294-135(2) of the ITAA 1997 | 3.225 |
| Item 4, subsection 294-135(3) of the ITAA 1997 | 3.227 |
| Item 4, subsection 294-135(2) of the ITAA 1997 | 3.228 |
| Item 4, subsection 294-145(5) of the ITAA 1997 | 3.233 |
| Item 4, subsection 294-145(6) of the ITAA 1997 | 3.234 |
| Item 4, subsections 294-130(2), 294-135(4) and 294-130(7) of the ITAA 1997 | 3.235 |
| Item 4, paragraph 294-145(1)(a) of the ITAA 1997 | 3.237 |
| Item 4, paragraph 294-145(1)(b) of the ITAA 1997 | 3.238 |
| Item 4, subsection 294-145(2) of the ITAA 1997 | 3.240 |
| Item 4, subsection 294-145(3) of the ITAA 1997 | 3.241 |
| Item 4, paragraphs 294-95(a) and 294-145(5)(b) of the ITAA 1997 | 3.242 |
| Item 4, subsection 294-145(4) of the ITAA 1997 | 3.243 |
| Item 4, section 294-140 of the ITAA 1997 | 3.245 |
| Item 4, subsection 294-140(3) of the ITAA 1997 | 3.246 |
| Item 4, subsection 294-15(2) of the ITAA 1997 | 3.34 |
| Item 4, subsection 294-185(1) of the ITAA 1997 | 3.271 |
| Item 4, subsection 294-185(2) of the ITAA 1997 | 3.273 |
| Item 4, section 294-190 of the ITAA 1997 | 3.275 |
| Item 4, section 294-195 of the ITAA 1997 | 3.277 |
| Item 4, subsections 294-200(1) and (2) of the ITAA 1997 | 3.278 |
| Item 4, subsection 294-200(6) of the ITAA 1997 | 3.279 |
| Item 4, subsection 294-200(3) of the ITAA 1997 | 3.281 |
| Item 4, subsection 294-200(4) of the ITAA 1997 | 3.282 |
| Item 4, subsection 294-200(7) of the ITAA 1997 | 3.285 |
| Item 4, subsection 294-200(7) of the ITAA 1997 | 3.286 |
| Item 4, subsection 294-200(5) of the ITAA 1997 | 3.287 |
| Item 4, paragraph 294-185(2)(b) of the ITAA 1997 | 3.290 |
| Item 4, section 294-180 of the ITAA 1997 | 3.293 |
| Item 4, paragraph 294-180(1)(c) of the ITAA 1997 | 3.294 |
| Item 4, subsection 294-20(1) of the ITAA 1997 | 3.36 |
| Item 4, paragraph 294 80(2)(b) | 5.34 |
| Item 5, paragraph 306-10(a) of the ITAA 1997 | 3.86 |
| Item 6, subsections 307-5(3), (3A) and (3B) of the ITAA 1997 | 3.96 |
| Item 7, subparagraph 38A(ab)(iii) of the Superannuation Industry (Supervision) Act 1993 | 3.197 |
| Items 8, 9, and 22 to 24, paragraphs 15CA(1)(c) and (2)(c) of the Superannuation (Resolution of Complaints) Act 1953, and paragraph 390-15(1)(b) and subsections 390-15(2), (3) and (4) in Schedule 1 to the TAA 1953 | 3.298 |
| Item 10, item 15B of the table in subsection 8AAB(4) of the TAA 1953 | 3.304 |
| Items 11 and 12, paragraphs 14ZVA(b) and (c) of the TAA 1953 | 3.163 |
| Items 13 to 15, Part 3-20 (heading), Division 113 (heading), and sections 136-1 and 136-5 in Schedule 1 to the TAA 1953 | 3.146 |
| Item 14, subsection 136-55(4) in Schedule 1 to the TAA 1953 | 3.170 |
| Item 15, section 136-70 in Schedule 1 to the TAA 1953 | 3.189 |
| Item 15, subsections 136-10(6) and (7) in Schedule 1 to the TAA 1953 | 3.151 |
| Item 15, section 136-20 in Schedule 1 to the TAA 1953 | 3.153 |
| Item 15, subsection 136-20(4) in Schedule 1 to the TAA 1953 | 3.154 |
| Item 15, subsection 136-20(5) in Schedule 1 to the TAA 1953 | 3.155 |
| Item 15, section 136-25 in Schedule 1 to the TAA 1953 | 3.157 |
| Item 15, subsection 136-15(1) in Schedule 1 to the TAA 1953 | 3.159 |
| Item 15, subsection 136-15(2) in Schedule 1 to the TAA 1953 | 3.161 |
| Item 15, section 136-10 in Schedule 1 to the Taxation Administration Act 1953 (TAA 1953) | 3.145 |
| Item 15, subsection 136-10(3) in Schedule 1 to the TAA 1953 | 3.148 |
| Item 15, sections 136-50 and 136-55 in Schedule 1 to the TAA 1953 | 3.165 |
| Item 15, subsection 136-55(1) in Schedule 1 to the TAA 1953 | 3.166 |
| Item 15, subsection 136-55(2) in Schedule 1 to the TAA 1953 | 3.167 |
| Item 15, subsection 136-55(3) in Schedule 1 to the TAA 1953 | 3.168 |
| Item 15, paragraph 136-55(5) in Schedule 1 to the TAA 1953 | 3.169 |
| Item 15, subsection 136-10(4) in Schedule 1 to the TAA 1953 | 3.150 |
| Item 15, subsection 136-55(5) in Schedule 1 to the TAA 1953 | 3.171 |
| Item 15, subsection 136-55(6) in Schedule 1 to the TAA 1953 | 3.172 |
| Item 15, section 136-60 | 3.173 |
| Item 15, section 136-65 in Schedule 1 to the TAA 1953 | 3.174 |
| Item 15, section 136-80 in Schedule 1 to the TAA 1953 | 3.175 |
| Item 15, subsection 136-80(2) and (3) in Schedule 1 to the TAA 1953 | 3.185 |
| Item 15, sections 136-85 and 136-90 in Schedule 1 to the TAA 1953 | 3.186 |
| Item 15, subsection 136-85(2) in Schedule 1 to the TAA 1953 | 3.187 |
| Item 16 to 20, paragraph 155-5(2)(h), Note 1 to subsection 155-15(1), subsection 155-30(3), item 38BC in the table in subsection 250-10(2) in Schedule 1 to the TAA 1953 | 3.305 |
| Items 21 and 25, sections 390-1 and 390-20 in Schedule 1 to the TAA 1953 | 3.295 |
| Items 26 to 31, sections 301-10, 301-90, 301-100, 302-65, 302-80 and 302-85 of the ITAA 1997 | 3.306 |
| Item 32, subsection 303-2(2) of the ITAA 1997 | 3.249 |
| Item 32, subsection 303-4(1) of the ITAA 1997 | 3.251 |
| Item 32, subsection 303-4(2) of the ITAA 1997 | 3.254 |
| Item 32, subsection 303-4(3) of the ITAA 1997 | 3.256 |
| Item 32, subsection 303-2(1) of the ITAA 1997 | 3.261 |
| Item 32, section 303-3 of the ITAA 1997 | 3.263 |
| Item 32, section 303-1 of the ITAA 1997 | 3.247 |
| Item 33, subsection 12-1(4) in Schedule 1 to the TAA 1953 | 3.299 |
| Item 34, section 294-100 of the IT(TP) Act 1997 | 3.322 |
| Item 34, subsections 294-110(3) and 294-115(3) of the IT(TP) Act 1997 | 3.323 |
| Item 34, subsections 294-110(3) and 294-120(3) of the IT(TP) Act 1997 | 3.324 |
| Item 34, section 294-105, and paragraphs 294-110(1)(c) and 294-120(1)(c)of the IT(TP) Act 1997 | 3.328 |
| Item 34, paragraphs 294-110(1)(e) and 294-120(1)(e), and subsections 294-110(2) and 294-115(2) of the IT(TP) Act 1997 | 3.329 |
| Item 34, paragraphs 294-110(1)(a) and (b) of the IT(TP) Act 1997 | 3.338 |
| Item 34, paragraph 294-110(1)(d) of the IT(TP) Act 1997 | 3.339 |
| Item 34, subsection 294-110(3) of the IT(TP) Act 1997 | 3.340 |
| Item 34, paragraphs 294-115(1)(a), (b) and (d) of the IT(TP) Act 1997 | 3.343 |
| Item 34, subsection 294-115(3) of the IT(TP) Act 1997 | 3.345 |
| Item 34, subsection 294-120(1) of the IT(TP) Act 1997 | 3.347 |
| Item 34, subsection 294-120(2) of the IT(TP) Act 1997 | 3.348 |
| Item 34, subsection 294-120(3) of the IT(TP) Act 1997 | 3.349 |
| Item 34, paragraph 294-120(4)(a) and subsection 294-120(8) (definition of 'deferred notional gain') of the IT(TP) Act 1997 | 3.353 |
| Item 34, paragraphs 294-120(4)(b), (c) and (d) of the IT(TP) Act 1997 | 3.355 |
| Item 34, subsection 294-120(8) (definition of '2016-17 non-exempt proportion') of the IT(TP) Act 1997 | 3.356 |
| Item 34, subsections 294-120(5) of the IT(TP) Act 1997 | 3.357 |
| Item 34, paragraph 294-120(5)(a) of the IT(TP) Act 1997 | 3.358 |
| Item 34 and subitem 36(1), section 294-10 of the Income Tax (Transitional Provisions) Act 1997 (IT(TP) 1997) | 3.309 |
| Item 34, paragraph 294-120(5)(c) of the IT(TP) Act 1997 | 3.360 |
| Item 34, subsection 294-120(6) of the IT(TP) Act 1997 | 3.361 |
| Item 34, section 294-30 of the IT(TP) Act 1997 | 3.316 |
| Item 35, section 307-230 of the IT(TP) Act 1997 | 3.319 |
| Item 35, section 307-230 of the Income Tax (Transitional Provisions) Act 1997 | 5.71 |
| Part 1, item 2, section 26-99 of the ITAA 1997 | 3.303 |
| Part 1, item 15, subsections 136-85(3) and 136-90(2) in Schedule 1 to the TAA 1953 | 3.188 |
| Subitem 36(3) | 3.311 |
| Subitem 36(2) | 3.310 |
Schedule 2: Concessional superannuation contributions
| Bill reference | Paragraph number |
| Items 1 and 9, paragraph 291-20(2)(a) of the ITAA 1997 and Subdivision 291-B of the IT(TP)A 1997 | 4.24 |
| Item 1, paragraph 291-20(2)(b) and Schedule 11, item 6, section 960-285 | 4.25 |
| Items 2 and 3, paragraphs 291-25(2)(c) and (d) and subsection 291-25(4) | 4.31 |
| Items 4 to 7, paragraph 291-165(1)(c), subsection 291-160(2) and sections 291-160 and 291-165 | 4.35 |
| Item 7, subsection 291-165(2) | 4.36 |
| Items 7, 8, 10 and 11, section 291-165 of the ITAA 1997 and subsections 291-170(2) and (4) of the IT(TP)A 1997 | 4.55 |
| Item 8, paragraph 291-370(1)(b) | 4.44 |
| Item 8, subsections 291-370(1) and (3) | 4.39 |
| Item 8, subsection 291-370(2) | 4.40 |
| Item 8, subsection 291-370(1) | 4.42 |
| Item 12, subsection 291-170(6) of the IT(TP)A 1997 | 4.56 |
| Item 13 | 4.58 |
| Items 14-19, sections 293-1, 293-5, 293-10 and subsections 293-155(1) and 293-200(1) of the ITAA 1997 and the note to subsection 133-15(1) in Schedule 1 to the Taxation Administration Act 1953 | 4.47 |
| Item 18, subsection 293-20(1) | 4.27 |
| Item 20 | 4.59 |
| Item 21, subsections 15(5) and (6) of the Superannuation Guarantee (Administration) Act 1992 | 4.52 |
Schedule 3: Non-concessional contributions
| Bill reference | Paragraph number |
| Item 1, subheading to subsection 292-85(1) | 5.68 |
| Item 2, subsection 292-85(3) | 5.41 |
| Item 2, subsection 292-85(3) and paragraph 292-85(5)(b) | 5.43 |
| Item 2, subsections 292-85(3) and (4), paragraph 292-85(5)(a) | 5.44 |
| Item 2, subsection 292-85(2) and paragraph 292-85(3)(e) | 5.45 |
| Item 2, paragraph 292-85(6)(a) | 5.50 |
| Bill reference | Paragraph number |
| Item 2, paragraph 292-85(6)(b) | 5.51 |
| Item 2, subsection 292-85(7) | 5.53 |
| Item 2, subsection 292-85(7) | 5.55 |
| Item 2, paragraph 292-85(2)(a) | 5.7 |
| Item 2, subsection 292-85(2) | 5.6, 5.12 |
| Item 3, paragraph 292-95(1)(b) of the ITAA 1997 | 3.114 |
| Item 3, paragraph 295-95(1)(b) | 5.59 |
| Item 4, subsections 292-95(6) and (7) | 5.60 |
| Item 5, subsection 292-465(9) | 5.66 |
| Item 5, subsection 292-465(10) | 5.67 |
| Item 6, subsection 292-85(3) of the Income Tax (Transitional Provisions) Act 1997 | 5.72 |
| Item 6, subsection 292-85(1) of the Income Tax (Transitional Provisions) Act 1997 | 5.76 |
| Item 6, subsections 292-85(1) and (3) of the Income Tax (Transitional Provisions) Act 1997 | 5.77 |
| Item 6, subsection 292-85(2) of the Income Tax (Transitional Provisions) Act 1997 | 5.80 |
| Item 7, paragraphs 6(1)(da) and (db) of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 | 5.58 |
| Item 8, section 56 of the Superannuation (Government Co-contribution for Low Income Earners) Act 2003 | 5.69 |
| Item 9 | 5.70 |
Schedule 4: Low income superannuation tax offset
| Bill reference | Paragraph number |
| Item 2, section 12C | 6.8 |
| Item 2, section 12F | 6.15 |
| Item 2, section 12B | 6.16, 6.23 |
| Item 2, paragraphs 12C(1)(a) and (2)(a) | 6.17 |
| Item 2, subsection 12E(3) | 6.21 |
| Item 2, subsection 12E(2) | 6.22 |
| Item 2, section 12G | 6.27 |
| Bill reference | Paragraph number |
| Items 3 to 5 and 7 and 8, subsection 49(1) and sections 55 and 56 of the Superannuation (Government Co contribution for Low Income Earners) Act 2003; and subitem 7(2) and item 8 of Schedule 7 to the Minerals Resource Rent Tax Repeal and Other Measures Act 2014 | 6.30 |
| Item 6 | 6.32 |
Schedule 5: Deducting personal contributions
| Bill reference | Paragraph number |
| Items 1and 2 , subsections 280-10(1) and (2) and Schedule 11, item 7, the definition of 'Commonwealth public sector superannuation scheme' in subsection 995 1(1) | 7.34 |
| Items 3 and 4, subsection 290-150(2) and section 290-160 | 7.10 |
| Item 4, subparagraph 290-155(1)(a)(i) | 7.16 |
| Item 4, subparagraph 290-155(1)(a)(ii) | 7.21 |
| Item 4, subsection 290-155(2) | 7.25 |
| Item 4, subparagraph 290-155(1)(a)(iii) and paragraph 290-155(1)(b) | 7.26 |
| Item 4, subsection 290-155(3) | 7.30 |
| Item 4, section 290-155 | 7.15 |
| Item 5, paragraph 290-165(1)(b) | 7.35 |
| Item 6, paragraph 290-170(2)(e) | 7.33 |
| Item 7 | 7.40 |
Schedule 6: Unused concessional cap carry forward
| Bill reference | Paragraph number |
| Items 1 to 4, subsections 280-15(1) and (2), section 291-1 and subsections 291-20(3)) | 8.12 |
| Item 4, subsections 291-20(6), and schedule 11, item 9, the definition of 'unused concessional contributions cap' in subsection 995-1(1) | 8.13 |
| Item 4, subsection 291-20(7) | 8.14 |
| Item 4, subsection 291-20(3) | 8.15 |
| Item 4, subsection 291-20(4) | 8.17 |
| Item 4, subsection 291-20(5) | 8.18 |
| Item 5 | 8.21 |
Schedule 7: Tax offsets for spouse contributions
| Bill reference | Paragraph number |
| Item 1, paragraph 290-230(2)(c) | 9.9 |
| Item 2, subsection 290-230(4A) | 9.16 |
| Item 3, paragraph 290-235(1)(a) | 9.10 |
| Item 4 | 9.18 |
Schedule 8: Innovation income streams and integrity
| Bill reference | Paragraph number |
| Items 1 to 3 and 6 to 8, paragraphs 295-385(3)(a) and (4)(a), subsections 295-385(5), 295-390(3) and (7) and 295-395(2) | 10.39 |
| Items 4 and 9, subsections 295-385(7) and 295-395(3) | 10.51 |
| Items 4, 5, and 9, sections 295-385, 295-387 and 295-395 and schedule 11, item 9, the definition of 'disregarded small fund assets' in subsection 995-1(1) | 10.54 |
| Item 5, subsection 295-387(2)(c) | 10.53 |
| Item 5, section 295-387 | |
| Items 10 and 11, sections 295-405 and 295-407, and paragraph 295-410(a) | 10.42 |
| Items 12 and 13, section 307-65 and subsection 307-65(2) | 10.63 |
| Item 14, paragraph 307-125(3)(c) | 10.58 |
| Items 15 to 18, items 20 to 25, paragraphs 320-137(3)(d) and (3)(e), subsection 320-137(3A), paragraph 320-246(1)(a), subparagraphs 320-246(1)(b)(i) and (1)(e)(ii) and paragraphs 320-246(1)(ea), 320-247(1)(a) and 320-247(2)(a) | 10.43 |
| Items 19, 26 and 27, subsections 320-185(4) and 320-250(1A) and paragraph 320-255(1)(a) | 10.45 |
| Item 23, paragraph 320-246(1)(ea) | 10.48 |
| Item 28 | 10.65 |
Schedule 9: Anti-detriment provisions
| Bill reference | Paragraph number |
| Items 1, 2 and 4, table item headed "superannuation and related business" in the table in section 12-5 and group heading before section 295-485 of the ITAA 1997 and sections 295-485A and 295-485 of the Income Tax (Transitional Provisions) Act 1997 | 11.13 |
| Item 3, section 320-107 | 11.11 |
| Item 3, section 295-485 | 11.10 |
| Item 5 | 11.15 |
Schedule 10: Administration and consequential
| Bill reference | Paragraph number |
| Item 1, subsection 131-5(1) | 12.44 |
| Item 1, subsections 131-5(3) and (5) | 12.46 |
| Item 1, subsection 131-5(3) | 12.47 |
| Item 1, subsection 131-5(2) and section 131-10 | 12.48 |
| Item 1, subsection 131-5(6) | 12.50 |
| Item 1, subsection 131-5(4) | 12.51 |
| Item 1, section 131-15 | 12.52 |
| Item 1, section 131-20 | 12.53 |
| Item 1, subsection 131-15(2) | 12.61 |
| Item 1, sections 131-25 and 131-30 | 12.64 |
| Item 1, subsection 131-35(1) | 12.65, 12.67 |
| Item 1, section 131-45 | 12.66 |
| Item 1, subsection 131-35(2) | 12.68 |
| Item 1, section 131-40 | 12.71 |
| Item 1, sections 131-35 and 131-40 | 12.72 |
| Item 1, subsections 131-50(1) and (3) | 12.73 |
| Item 1, subsections 131-50(2) and (3) | 12.74 |
| Item 1, subsection 131-55(1) | 12.75 |
| Item 1, subsection 131-55(2) | 12.76 |
| Item 1, section 131-60 | 12.77 |
| Item 1, subsection 131-65(1) and (2) | 12.79 |
| Item 1, section 131-70 | 12.80 |
| Item 1, subsection 131-65(3) | 12.81 |
| Items 1 and 22, sections 131-75, 303-15 and 303-17 of the ITAA 1997 | 12.82 |
| Item 2, paragraph (a) of new definition 'available early release authority amount' in subsection 79A(1) of the Superannuation Act 1976 | 12.110 |
| Item 2, paragraph (b) of new definition 'available early release authority amount' in subsection 79A(1) of the Superannuation Act 1976 | 12.110 |
| Item 2, subparagraph (c)(i) of new definition 'available early release authority amount' in subsection 79A(1) of the Superannuation Act 1976 | 12.110 |
| Item 2, subparagraph (c)(ii) of new definition 'available early release authority amount'. in subsection 79A(1) of the Superannuation Act 1976 | 12.110 |
| Items 2 to 8, 10 to 18, 20 to 21, 23, 25 to 48, items headed "superannuation" in the tables in sections 10-5 and 11-55, subsections 280-15(3) and (4), note 3 to section 291-15, sections 292-1 and 292-15, paragraph 292-25(2)(a), notes 1 and 2 to subsection 292-25(2), paragraph 292-85(1)(b), subsection 292-85(1), paragraphs 292-85(1A)(a) and 292-90(1A)(b), sections 292-405, 292-410 and 292-415, note 1 to subsection 292-467(1), note 2 to subsection 293-70(2), the heading to section 303-20, heading to section 304-20 and the definitions of maximum available release amount and total release amount in subsection 995-1(1) of the ITAA 1997, note 4 to subsection 292-80C(1) of the Income Tax (Transitional Provisions) Act 1997, paragraph 95-5(b), Division 96, sections 135-1 and 135-5, table items 1 and 2 in subsection 135-10(1), section 135-35, section135-45, subsection 135-75(3), the note to section 135-85, subsections 135-90(1), (2) and (3), item 135R in the table in subsection 250-10(2), paragraph 286-75(2AA)(a), section 288-90, subsections 288-95(1), (3) and (4), subsection 288-100(1) and subparagraph 390-65(1)(a)(i) in Schedule 1 to the TAA 1953 and subsection 3(1) of the Taxation (Interest on Overpayments and Early Payments) Act 1983 | 12.114 |
| Item 9, subparagraph 79B(1A) of the Superannuation Act 1976 | 12.108 |
| Item 9, section 292-20 of the ITAA 1997 | 12.87 |
| Item 9, section 292-20 of the ITAA 1997 | 12.88 |
| Item 19, paragraphs 292-467(1)(b) and (c) of the ITAA 1997 | 12.90 |
| Item 24, section 304-15 of the ITAA 1997 | 12.85 |
| Item 49 | 12.120 |
| Items 50 to 53 | 12.121 |
| Item 54 | 12.123 |
| Items 55, 57 to 59 and 63, subsection 133-10(3), section 133-125 and subsection 133-145(1) | 12.115 |
| Item 56, subsections 133-120(1) and (1A) | 12.96 |
| Item 60, section 133-135 | 12.92 |
| Item 60, section 133-135 | 12.97 |
| Items 60 and 62, subsections 133-135(2) and 133-140(1A) | 12.93 |
| Items 61 and 62, paragraph 133-140(1)(a) and subsection 133-140(1A) | 12.91 |
| Item 64 | 12.124 |
| Item 65, section 990-5 in Schedule 1 to the TAA | 12.99 |
| Items 66 to 92, subsections 45D(1), 102AAM(13), 159GZZZZH(3), 177EA(6), 177EB(7) and 177F(2D) of the Income Tax Assessment Act 1936, subsections 204-50(4), 214-60(3), 214-140(1), 214-140(2), 275-615(3), 291-465(6), 292-230(3), 292-310(3), 292-465(8), 292-467(3), 295-625(1), the heading to subsection 295-625(2), 815-30(8), 815-35(8) and 815-145(6) of the ITAA 1997, subsections 214-25(3), 214-80(1) and 214-80(2) of the Income Tax (Transitional Provisions) Act 1997, subsection 98C(2) of the Petroleum Resource Rent Tax Act 1987, subsection 62(2) of the Superannuation Guarantee (Administration) Act 1992, subsection 8AAF(3) of the TAA 1953 and subsections 45-320(6), 45-473(1), 45-473(2), 97-5(4), 97-25(4), 133-30(2) and 280-110(2) in Schedule 1 to the TAA 1953 | 12.116 |
| Item 93 | 12.125 |
| Items 94, 106 to 111, subsection 3(1), subparagraphs 110SN(2)(i) and (iii), subsection 110SN(2), subparagraphs 130D(3)(a)(i) and (iii), subsection 130D(3) of the Superannuation Act 1976 | 12.117 |
| items 95 to 105, section 79A, subsections 79A(1),(2) and (3), subsection 79B(1), subsection 79B(1A), section 79B, subsection 79C(1) | 12.103 |
| Item 112, paragraph 15J(2)(fa) | Example 2.3 |
| Part 4, item 2, the definition of 'early release authority amount' in subsection 79A(1) of the Superannuation Act 1976 | 12.107 |