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Bill
- Schedule 1—Removing the monthly minimum threshold for salary or wages to count towards the superannuation guarantee
- Schedule 2—First home super saver scheme maximum releasable amount
- Schedule 3—Reduced eligibility age for downsizer contributions
- Schedule 4—Work test reforms for superannuation contributions
- Schedule 5—Segregated current pension assets
- Schedule 6—Extension of temporary full expensing of depreciating assets
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Schedule 2—First home super saver scheme maximum releasable
amountSchedule 2 — First home super saver scheme maximum releasable amount
Taxation Administration Act 1953
1 Paragraph 138-35(1)(a) in Schedule 1
Omit “$30,000”, substitute “$50,000”.
2 Application of amendment
The amendment of the Taxation Administration Act 1953 made by this Schedule applies in relation to requests made on or after 1 July 2022 for the Commissioner to make a first home super saver determination.