Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013

The Superannuation (Sustaining the Superannuation Contribution Concession) Imposition Act 2013 (No. 87, 2013) is an Act of the Parliament of Australia aimed at imposing tax on certain superannuation contributions. The Act commences on the day it receives Royal Assent and defines key terms such as "income year" and "taxable contributions" in accordance with the Income Tax Assessment Act 1997. The Act imposes a tax of 15% on a person's taxable contributions for an income year, as specified in section 293-15 of the Income Tax Assessment Act 1997. The Act also includes a severability clause to ensure that the tax imposition does not exceed the legislative power of the Commonwealth.