Superannuation (Excess Non-concessional Contributions Tax) Act 2007

Based on the provided document, Superannuation (Excess Non-concessional Contributions Tax) Act 2007, here is a summary:

Act Overview
The Superannuation (Excess Non-concessional Contributions Tax) Act 2007 imposes a tax on excess non-concessional contributions made to superannuation funds. The act sets out the rules and rates for calculating the tax, including a temporary budget repair levy.

Key Provisions

1. Imposition of Tax: Excess non-concessional contributions tax is imposed on contributions above a certain threshold.
2. Amount of Tax: The tax is 47% of the excess contributions, with an increase to 49% during the temporary budget repair levy years.
3. Temporary Budget Repair Levy: The tax rate is increased by 2 percentage points during the temporary budget repair levy years, but the increase is limited to prevent the total tax payable from exceeding 95% of the excess contributions.

Endnotes
The document includes eight endnotes that provide additional information on the history of the legislation and its provisions, including a list of abbreviations used in the endnotes, a list of amending laws, and details of any uncommenced or misdescribed amendments.

Please note that this summary is based on the provided document and may not capture all the nuances and details of the act. If you have any further questions or would like more information, please feel free to ask.