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Exposure Draft - Tax Laws Amendment (2011 Measures No. 2) Bill 2011: Reportable employer superannuation contributions


Monday, 17 January 2011

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On 30 June 2010, the former Minister for Financial Services, Superannuation and Corporate Law announced a reform to clarify the scope of the reportable employer superannuation contributions definition, which is used in determining eligibility for a range of means-tested government financial assistance programs.

With effect from 1 July 2009, which is when the reportable employer superannuation contributions definition commenced, the draft legislation will amend the definition to exclude particular contributions required by an Australian law, as defined in the Income Tax Assessment Act 1997, over which an employee and their employer have no real capacity to influence. The draft amendments do not affect the inclusion of contributions made under a formal salary sacrifice agreement over which an employee has capacity to influence.

Making a submission

Interested parties are invited to comment on the paper. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Friday, 11 February 2011

Address written submissions to:
The Manager
Individuals Tax Unit
Personal and Retirement Income Division
The Treasury
Langton Crescent

Email: RESC@treasury.gov.au

For enquiries, please call Conan Brownbill (02) 6263 3242.

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Exposure Draft  14.87kb
Explanatory Memorandum  170.84kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Exposure Draft  7,334.70kb
Explanatory Memorandum  237.14kb

Related Items:

Submissions: Exposure Draft - Tax Laws Amendment (2011 Measures No. 2) Bill 2011: Reportable Employer Superannuation Contributions - 22/02/2011

Treasury has received twelve submissions in response to this consultation. There were ten public submissions and two confidential submissions. The public submissions are listed below.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

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