Refund of excess concessional contributions

This consultation process has now been completed. Submissions available
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.