Superannuation Legislation Amendment Bill 2003 (Qld)

Superannuation Legislation Amendment Bill 2003

SUPERANNUATION LEGISLATION AMENDMENT BILL 2003

AMENDMENTS AGREED TO IN COMMITTEE

1 Clause 2 At page 4, after line 11—

insert—

'

2 ~=«After

* section 5A'.

clause 5

At page 5, after line 18—

insert—

'5A Amendment of s 25C (Superannuation contributions surcharge)

'Section

25C(3)—

omit, insert—

'(3) The maximum amount that the trustees may deduct is the total of the following amounts—

(a) tl

(b) t

(c) tl

(d) t

5% of the State-financed component of the part of the benefit

nat accrued

nat accrued

nat accrued

nat accrued

after 20 August 1996 and before 1 July 2003;

4.5% of the State-financed component of the part of the benefit

after 30 June 2003 and before 1 July 2004;

3.5% of the State-financed component of the part of the benefit

after 30 June 2004 and before 1 July 2005;

2.5% of the State-financed component of the part of the benefit

after 30 June 2005.'.'.

© State of Queensland 2003