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Consultation Paper - Refund of Excess Concessional Contributions


Wednesday, 17 August 2011

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The Assistant Treasurer has released a consultation paper in relation to the Government's announcement of the refund of excess concessional contributions measure. Under this measure, the Government will provide eligible individuals with the option to have excess concessional contributions refunded and assessed at their marginal tax rate(s), rather than pay excess contributions tax on the amount.

This paper presents a broad overview of how this measure will operate and provides interested parties with an opportunity to comment on the proposed design of the refund of excess concessional contributions.

Making a submission

Interested parties are invited to comment on the paper. While submissions may be lodged electronically, by post or by facsimile, 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: Wednesday, 7 September 2011

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

Fax: (02) 6263 3044

Email: recc@treasury.gov.au

For enquiries, please call Chris Timotheou on (02) 6263 2884 or Taike Li on (02) 6263 4438.

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Consultation Paper - Refund of Excess Concessional Contributions   348.92kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Consultation Paper - Refund of Excess Concessional Contributions   563.13kb

Related Items:

Submissions: Consultation Paper - Refund of Excess Concessional Contributions - 21/10/2011

Treasury has received 22 submissions in response to its Consultation Paper Refund of Excess Concessional Contributions. All of these submissions were public. The submissions are listed below and are accessible by selecting the author.

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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