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Tuesday, 16 September 2003
Page: 15313


Senator COONAN (Minister for Revenue and Assistant Treasurer) (6:13 PM) —I can provide some information in relation to a couple of Senator Sherry's questions. Firstly, my advice is that it is not possible to split superannuation guarantee contributions from additional employer contributions or personal deductible contributions. It would require mining everyone's tax records to try to glean the information that you have sought in relation to both the breakdown of the definition of taxable income and, indeed, the average level of voluntary and compulsory contributions at the surchargeable rate. Obviously, the ATO records contain information, but they are certainly not set up to provide on a systematic basis that sort of information, because it is just not something that you can do other than, as I say, go to every taxpayer and extract from every taxpayer their details.

In relation to the earlier question that Senator Sherry asked, wishing to confirm the surcharge rate reduction measure to which I said that I would check it for more abundant caution, it is now estimated to cost a total of $475 million over the four years from 2004-05 to 2007-08. That compares to a total of $525 million over three years from 2003-04 to 2005-06.