Summary
Introduced with the Superannuation (Government Co-contribution for Low Income Earners) Bill 2003, the bill: makes consequential amendments to 9 Acts in relation to: eligibility for and taxation treatment of Government superannuation co-contributions; arrangements for certain Defence personnel and Commonwealth public servants; use of the Superannuation Holding Accounts Reserve; interest on late repayments of overpayments; and review of certain decisions; and the
Income Tax Assessment Act 1936
to repeal the existing personal superannuation contribution taxation rebate for low income earners. Also contains an application provision.