Superannuation (Building a Stronger and Fairer Super System) Imposition Act 2026
SECTION 5
5
AMOUNT OF TAX
The amount of the tax payable by a person for an income year is: (a) unless paragraph (b) applies - 15% of the person ' s taxable superannuation earnings for the income year; or (b) if the person has a very large superannuation balance earnings component for the income year - the sum of:
The amount of the tax payable by a person for an income year is: (a) unless paragraph (b) applies - 15% of the person ' s taxable superannuation earnings for the income year; or (b) if the person has a very large superannuation balance earnings component for the income year - the sum of:
(i) 15% of the person ' s taxable superannuation earnings for the income year; and
(ii) 10% of the person ' s very large superannuation balance earnings component for the income year.
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