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28 Feb 07 Simplified Super Bills passed by Senate

On 27 February 2007, the Senate passed all Bills implementing the Government's Simplified Superannuation Plan without amendment. The Bills are:

- Tax Laws Amendment (Simplified Superannuation) Bill 2006
- Superannuation (Excess Concessional Contributions Tax) Bill 2006
- Superannuation (Excess Non-Concessional Contributions Tax) Bill 2006
- Superannuation (Excess Untaxed Roll-Over Amounts Tax) Bill 2006
- Superannuation (Departing Australia Superannuation Payments Tax) Bill 2006
- Superannuation (Self Managed Superannuation Funds) Supervisory Levy Amendment Bill 2006
- Superannuation Legislation Amendment (Simplification) Bill 2007
- Income Tax Amendment Bill 2007
- Income Tax (Former Complying Superannuation Funds) Amendment Bill 2007
- Income Tax (Former Non-resident Superannuation Funds) Amendment Bill 2007
- Income Tax Rates Amendment (Superannuation) Bill 2007.

The Bills await Royal Assent.

In a press release issued on 27 February 2007, the Minister for Revenue and Assistant Treasurer, Peter Dutton, welcomed the passage of the Simplified Superannuation legislation through the Senate.

For a copy of the Minister's press release, No 2007/015, 27 February 2007, go here

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