What Clive takes away he can give something in return

The Government has agreed to defer the abolition of the low income superannuation contribution from 1 July 2012 to 1 July 2017.  This deferral has now been enacted by the Minerals Resource Rent Tax Repeal and Other Measures Act 2014.

The low income superannuation contribution was introduced to counter the effect of imposing tax on SG Contributions for low income employees.