Federal Register of Legislation - Australian Government

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SLI 2012 No. 203 Regulations as made
This regulation amends the Superannuation Industry (Supervision) Regulations 1994 to support the refund of superannuation excess concessional contributions measure recently made under the Tax and Superannuation Laws Amendment (2012 Measures No. 1) Act 2012.
Administered by: Treasury
Made 16 Aug 2012
Registered 20 Aug 2012
Tabled HR 21 Aug 2012
Tabled Senate 21 Aug 2012
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

Commonwealth Coat of Arms

Superannuation Industry (Supervision) Amendment Regulation 2012 (No. 3)1

Select Legislative Instrument 2012 No. 203

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Superannuation Industry (Supervision) Act 1993.

Dated 16 August 2012

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

WILLIAM RICHARD SHORTEN


1              Name of regulation

                This regulation is the Superannuation Industry (Supervision) Amendment Regulation 2012 (No. 3).

2              Commencement

                This regulation commences on the day after it is registered.

3              Amendment of Superannuation Industry (Supervision) Regulations 1994

                Schedule 1 amends the Superannuation Industry (Supervision) Regulations 1994.


Schedule 1        Amendments

(section 3)

 

[1]           Paragraph 6.01B (3) (b)

substitute

               (b)    the conditions of release in items 102, 102A, 103, 103A, 103B, 109, 112, 112A, 202, 202A, 203, 204, 204A, 209 and 209A of Schedule 1.

[2]           Paragraph 6.22 (4) (a)

after

292-410

insert

or 292-420

[3]           Paragraph 6.26 (2) (a)

after

292-410

insert

or 292-420

[4]           After subparagraph 6.27 (b) (i)

insert

                        (ia)    section 292‑420 of the Income Tax Assessment Act 1997; or

[5]           Schedule 1, after item 112

insert

112A

The Commissioner of Taxation issues a release authority to a superannuation provider under subsection 292‑420 (1) of the Income Tax Assessment Act 1997

Restrictions contained in subsections 292‑420 (4), (5) and (7) of the Income Tax Assessment Act 1997

[6]           Schedule 1, after item 209

insert

209A

The Commissioner of Taxation issues a release authority to a superannuation provider under subsection 292‑420 (1) of the Income Tax Assessment Act 1997

Restrictions contained in subsections 292‑420 (4), (5) and (7) of the Income Tax Assessment Act 1997


Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.comlaw.gov.au.