Document ID: chunk:federal_register_of_legislation:C2004A01197:clause:1_28
Version: federal_register_of_legislation:C2004A01197
Segment Type: clause
Provision Reference: sch 1 cl 28
Character Range: 9629–10468

28  After subsection 4(2)
Insert:

 (2A) The amount of the reduction under subsection (1) may not be more than the total of the following amounts:
 (a) 15% of the employer‑financed component of any part of the benefits payable to the member that accrued between 20 August 1996 and 1 July 2003;
 (b) 14.5% of the employer‑financed component of any part of the benefits payable to the member that accrued in the 2003‑2004 financial year;
 (c) 13.5% of the employer‑financed component of any part of the benefits payable to the member that accrued in the 2004‑2005 financial year;
 (d) 12.5% of the employer‑financed component of any part of the benefits payable to the member that accrued after 30 June 2005.

Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997