- Date
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26 Feb 2014
- Chamber
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House of Representatives
- Status
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Act
-
Portfolio
-
Treasury
- Summary
-
Amends the:
Superannuation Industry (Supervision) Act 1993
to provide that a person must not promote a scheme that has resulted in a payment being made from a regulated superannuation fund otherwise than as prescribed by payment standards and impose a civil penalty for any contravention; Superannuation Industry (Supervision) Act 1993
and Taxation Administration Act 1953
to provide the power to give directions and impose administrative penalties for contraventions relating to self managed superannuation funds; Income Tax Assessment Act 1936
to phase out the net medical expenses tax offset by the end of the 2018-19 income year; and Income Tax Assessment Act 1997
to update the list of deductible gift recipients; and Fringe Benefits Tax Assessment Act 1986
, Income Tax Assessment Act 1936
and Income Tax Assessment Act 1997
to make consequential amendments.