Summary
Amends the:
Income Tax Assessment Act 1936
to: exempt from income tax foreign employment income derived by an Australian resident employed as an aid worker, a charitable worker, a defence or police deployment, and activities prescribed by regulation;
Superannuation (Government Co-Contribution for Low Income Earners) Act 2003
to temporarily reduce the matching rate and maximum co-contribution payable on individual eligible personal superannuation contributions; and
Income Tax Assessment Act 1997
and
Income Tax (Transitional Provisions) Act 1997
to reduce the caps on concessional superannuation contributions and transitional concessional superannuation contributions.