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Notice given 14 May 2002

303  Senator Sherry: To ask the Minister for Revenue and Assistant Treasurer—

(1) What was the revenue raised from superannuation contributions tax (excluding the surcharge) for the financial years 1996-97 to 2000-01.

(2) (a) What is the projected revenue to be raised from superannuation contributions tax (excluding the surcharge) for the financial years 2001-02 to 2004-05; and (b) what are the projections for the next 40 years (reported on a 5-yearly basis).

(3) What was the revenue raised from the superannuation surcharge for the financial years 1996-97 to 2000-01.

(4) (a) What is the projected revenue to be raised from the superannuation surcharge for the financial years 2001-02 to 2004-05; and (b) what are the projections for the next 40 years (reported on a 5-yearly basis).

(5) What was the revenue raised from superannuation exit taxes for the financial years 1996-97 to 2000-01.

(6) (a) What is the projected revenue to be raised from superannuation exit taxes for the financial years 2001-02 to 2004-05; and (b) what are the projections for the next 40 years (reported on a 5-yearly basis).

(7) (a) What was the amount of salary sacrificed for superannuation for the financial years 1996-97 to 2000-01; and (b) what revenue was lost as a result.

(8) (a) What is the projected amount of salary sacrificed for superannuation for the financial years 2001-02 to 2004-05; (b) what are the projections for the next 40 years (reported on a 5-yearly basis); and (c) what revenue will be lost as a result.

(9) What was the revenue lost as a result of concessionary contributions tax for the financial years 1996-97 to 2000-01.

(10) (a) What is the projected revenue loss as a result of concessionary contributions tax for the financial years 2001-02 to 2004-05; and (b) what are the projections for the next 40 years (reported on a 5-yearly basis).

(11) What was the cost of the Senior Australians Tax Offset for the financial year 2000-01.

(12) (a) What is the projected cost of the Senior Australians Tax Offset for the financial years 2001-02 to 2004-05; and (b) what are the projections for the next 40 years (reported on a 5-yearly basis).

(13) What was the cost of the 15 per cent rebate for allocated annuities and pensions for the financial years 1996-97 to 2000-01.

(14) (a) What is the projected cost of the 15 per cent rebate for allocated annuities and pensions for the financial years 2001-02 to 2004-05; and (b) what are the projections for the next 40 years (reported on a 5-yearly basis).

304  Senator Sherry: To ask the Minister for Revenue and Assistant Treasurer—

(1) How many people are expected to benefit from the Government’s election promise to allow voluntary contributions to superannuation beyond 70 to age 75 in the first year of its operation and for the 3 years beyond.

(2) How many people are expected to benefit from the Government’s election promise to reduce the tax rate on excessive Eligible Termination Payments in the first year of its operation and for the 3 years beyond.

(3) (a) How many people are expected to benefit from the Government’s election promise to increase the deduction limit for the self-employed in the first year of its operation and for the 3 years beyond; and (b) how many of these people fall into the income ranges of: (i) $0-$9,999, (ii) $10,000-$19,999, (iii) $20,000-$29,999 (iv) $30,000-$39,999, (v) $40,000-$49,999, (vi) $50,000-$59,999, (vii) $60,000-$69,999, and (viii) $70,000 plus.

(4) (a) How many people are expected to benefit from the Government’s election promise to allow splitting of superannuation contributions in the first year of its operation and for the 3 years beyond; and (b) how many of these people fall into the income ranges of: (i) $0-$9,999, (ii) $10,000-$19,999, (iii) $20,000-$29,999, (iv) $30,000-$39,999, (v) $40,000-$49,999, (vi) $50,000-$59,999, (vii) $60,000-$69,999, and (viii) $70,000 plus.

(5) (a) How many people are expected to benefit from the Government’s election promise to reduce the rate of the surcharge contributions tax in the first year of its operation and for the 3 years beyond; and (b) how many of these people fall into the income ranges of: (i) $80,000-$89,999, (ii) $90,000-$99,999 (iii) $100,000-$109,999, (iv) $110,000-$149,999, (v) $150,000-$249,999, (vi) $250,000-$499,999, (vii) $500,000-$999,999, and (viii) $1 million plus.

(6) (a) How many people (in terms of those who are making the contributions and those who receive them) are expected to benefit from the Government’s election promise to allow superannuation contributions for children in the first year of its operation and for the 3 years beyond; and (b) how many of these people fall into the income ranges of: (i) $0-$9,999, (ii) $10,000-19,999, (iii) $20,000-$29,999, (iv) $30,000-$39,999, (v) $40,000-$49,999, (vi) $50,000-$59,999, (vii) $60,000-$69,999, (viii) $70,000-$79,999, (ix) $80,000-$89,999, (x) $90,000-$99,000, (xi) $100,000-$109,999, (xii) $110,000-$149,999, (xiii) $150,000-$249,000, (xiv) $250,000-$499,999, (xv) $500,000-$999,999, and (xvi) $1 million plus.

307  Senator Sherry: To ask the Minister for Revenue and Assistant Treasurer—With reference to an answer to a question taken on notice during additional estimates hearings, in which the Minister informed the Economics Legislation Committee that the Australian Taxation Office had conducted 141 prosecutions (involving 177 charges) in respect of superannuation guarantee matters over the financial years 1996-97 to 2000-01, and that from 1 July 2001 to mid-February 2002, there were 10 prosecutions involving 10 charges:

(1) How many prosecutions have been commenced since mid-February 2002.

(2) Can a breakdown be provided of the outcomes from this total of 151 prosecutions involving 187 charges from 1996-97 to mid-February 2002 as well as any subsequent prosecutions.

(3) In the period from 1996-97 until mid-February 2002, how many employers have been the subject of employee notifications of insufficient employer contributions.

(4) Since mid-February 2002, how many employers have been the subject of employee notifications of insufficient employer contributions.