Summary
Amends the:
Income Tax Assessment Act 1936
,
Income Tax Assessment Act 1997
and
Superannuation (Government Co-contribution for Low Income Earners) Act 2003
to: extend eligibility for the Government co-contribution for low income earners; and ensure that persons entitled to a co-contribution cannot also claim a tax deduction for personal superannuation contributions; and
Superannuation (Government Co-contribution for Low Income Earners) Act 2003
to make administrative and technical amendments in relation to: interest on unpaid co-contribution amounts; provider repayment dates and general interest charge; reports to Parliament; and payments of co-contributions into the Superannuation Holding Accounts Account.