Second Reading Speeches

Income Tax Rates Amendment (Unlawful Payments from Regulated Superannuation Funds) Bill 2012

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
43

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Summary

Introduced with the Superannuation Legislation Amendment (Reducing Illegal Early Release and Other Measures) Bill 2012, the bill amends the

Income Tax Rates Act 1986
to impose a 45 per cent tax on superannuation benefits that are illegally released.

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