Coronavirus (COVID-19) updates from the Australian Government

Refund of excess concessional contributions

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Exposure Draft

Key Documents

The Treasury has released for public consultation exposure draft and accompanying explanatory material designed to give effect to the Government's 2011-12 Budget measure, superannuation – refund of excess concessional contributions.

This measure will give eligible individuals the option to have excess concessional contributions of up to $10,000 taken out of their superannuation fund and assessed at their marginal income tax rate rather than incurring the excess contributions tax.

Submissions