Superannuation (Surcharge Rate Reduction) Amendment Bill 2003

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 40

Summary

Amends the: Superannuation Contributions Tax Imposition Act 1997, Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Imposition Act 1997 and Termination Payments Tax Imposition Act 1997 to reduce the maximum superannuation and termination payments surcharge rates from 15 to 10.5 per cent over 3 years commencing retrospectively from 1 July 2002; and Defence Force Retirement and Death Benefits Act 1973, Parliamentary Contributory Superannuation Act 1948, Superannuation Act 1976, Superannuation Contributions Tax (Application to the Commonwealth—Reduction of Benefits) Act 1997 and Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 to reduce the superannuation surcharge cap. Also contains application provisions.

Progress

House of Representatives
Introduced and read a first time	29 May 2003
Second reading moved	29 May 2003
Second reading agreed to	19 Jun 2003
Third reading agreed to	19 Jun 2003

Senate
Introduced and read a first time	23 Jun 2003
Second reading moved	23 Jun 2003
Second reading negatived	24 Jun 2003


Restored to Notice Paper	10 Sep 2003

Senate
Second reading agreed to	16 Sep 2003
Committee of the Whole debate Amendment details: 31 Government and 1 Opposition agreed to	17 Sep 2003
Third reading agreed to	07 Oct 2003

House of Representatives
Consideration of Senate message Details: House agreed to Senate amendments nos 1 to 26 and 28 to 32 and disagreed to amendment no. 27	08 Oct 2003

Senate
Message from House of Reps reported	09 Oct 2003
Consideration of House of Reps message Details: Senate did not insist on its amendment disagreed to by the House	27 Oct 2003


Assent Act no.: 112 Year: 2003	12 Nov 2003

Documents and transcripts

Text of bill

First reading

Explanatory memoranda

Explanatory Memorandum

Supplementary Explanatory Memorandum

Transcript of speeches

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Bills Digest

Notes

An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

Senate

House of Representatives

Get informed

Bills

Committees

Committees

Get involved

Visit Parliament

Website features

Parliamentary Departments