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Notice given 14 May 2002

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.