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.