Savings (superannuation etc)
- see also Assets; Capital gains; Personal income; Older people
Exposure draft for Tax Laws Amendment (Sustaining the Superannuation Contribution Concession) Bill 2013
The Parliament of the Commonwealth of Australia House of Representatives.
The Government has released for public consultation an exposure draft for Tax Laws Amendment (Sustaining the Superannuation Contribution Concession) Bill 2013 and the accompanying explanatory memorandum.
Very high income earners receive a higher superannuation tax concession than average income earners. The changes contained in the Bill will effectively ensure that very high income earners will receive a superannuation concession on their contributions more closely in line with the concession received by average income earners. This will improve the fairness of the taxation of the superannuation system.
Tax Laws Amendment (Sustaining the Superannuation Contribution Concession) Bill 2013 Explanatory Memorandum
The Parliament of the Commonwealth of Australia House of Representatives.
The Government has released for public consultation an exposure draft for Tax Laws Amendment (Sustaining the Superannuation Contribution Concession) Bill 2013 and the accompanying explanatory memorandum.
Very high income earners receive a higher superannuation tax concession than average income earners. The changes contained in the Bill will effectively ensure that very high income earners will receive a superannuation concession on their contributions more closely in line with the concession received by average income earners. This will improve the fairness of the taxation of the superannuation system.
Super for some: who wins and loses from $30 billion worth of tax concessions for superannuation
The Australia Institute (March 2013).
Australia’s compulsory superannuation system has delivered a large pool of retirement savings and boosted the retirement incomes of many Australians. However, the fact that the superannuation scheme has benefits does not mean that it should not be carefully examined and genuinely reformed.
Council of the Aging Statement of Reform Priorities
Ian Yates (September 2011).
Council of The Aging (COTA) statement of taxation reform priorities in preparation to the Tax Forum 4-5 October 2011.
Equal Rights Alliance Statement of Reform Priorities
Marie Coleman and Ruth Medd (September 2011).
Equality Rights Alliance's statement of taxation reform priorities in preparation to the Tax Forum 4-5 October 2011.
Anglicare Australia Statement of Reform Priorities
Kasy Chambers (September 2011).
Anglicare Australia's statement of taxation reform priorities in preparation to the Tax Forum 4-5 October 2011.
Jobs Australia's Statement of Reform Priorities
David Thompson (September 2011).
Jobs Australia's statement of taxation reform priorities in preparation to the Tax Forum 4-5 October 2011.
United Voice Statement of Reform Priorities
Louise Tarrant (September 2011).
United Voice's statement of taxation reform priorities in preparation to the Tax Forum 4-5 October 2011.
Uniting Care Wesley Adelaide Statement of Reform Priorities
Simon Schrapel (September 2011).
Uniting Care Wesley Adelaide statement of taxation reform priorities in preparation to the Tax Forum 4-5 October 2011.
Australian Council of Trade Unions Statement of Reform Priorities
Jeff Lawrence (September 2011).
Australian Council of Trade Unions' statement of taxation reform priorities in preparation to the Tax Forum 4-5 October 2011.
Summary of ACOSS proposals, Henry Review recommendations
Australian Council of Social Service (5 Apr 2011).
This is a brief summary of the Henry Review’s key tax reform proposals and compares them with
those advanced by ACOSS, and the Government’s response.
Bang for your buck
Industry Super Network (Nov 2010).
An assessment of the impact of the key recommendations made by the Henry Review and identifies a number of issues which would make implementation of the reforms difficult. It finds that the Government’s alternative proposed reforms will be a relatively efficient means to lift retirement savings.
Assets for All
Gerard Brody and Elizabeth McNess, Brotherhood of St Laurence (December 2009).
A brief overview of current tax concessions and other government support for savings, housing and other assets.
Note by Adam Stebbing
Australia's Tax Concessions For Superannuation.
Progressive Tax Reform: Reform of the Personal Income Tax System
Australian Council of Social Service (November 2009).
This report advocates strengthening the personal income tax system in order to achieve progressive tax reform. It covers topics such as personal income tax rates, consumption taxes, company income taxes, taxation and saving, taxation and the transfer system.
Reforming Australia's Hidden Welfare State: Tax Expenditures as Welfare for the Rich
Dr Benjamin Spies-Butcher and Adam Stebbing, Centre for Policy Development, (February 2009).
Discusses problems with Commonwealth tax expenditures and outlines possible reforms to superannuation that could enhance fairness and transparency in government spending.
Submission on Retirement Incomes to the Henry Tax Review
Industry Super Network (21 September 2009).
Supplementary submission on retirement incomes to Australia's Future Tax System Review.
Taxation, Social Justice and Economic Development
Julian Disney, Director - Social Justice Project (3 April 2009).
Paper delievered at the Australian Council of Social Service (ACOSS) National Conference.
Includes workers, families, housing, transport, savings.
The Great Superannuation Tax Concession Rort
David Ingles, Australia Institute (February 2009).
A research paper examining the cost of superannuation tax concessions.
