Federal Register of Legislation - Australian Government

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SLI 2015 No. 110 Regulations as made
This regulation amends various regulations to extend the certification period for a terminal medical condition for the purposes of releasing benefits from superannuation and the tax-free treatment of those benefits.
Administered by: Treasury
Made 25 Jun 2015
Registered 29 Jun 2015
Tabled HR 10 Aug 2015
Tabled Senate 10 Aug 2015
Date of repeal 02 Jul 2015
Repealed by Division 1 of Part 5A of the Legislative Instruments Act 2003
Table of contents.

 

Tax and Superannuation Laws Amendment (Terminal Medical Conditions) Regulation 2015

 

Select Legislative Instrument No. 110, 2015

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated 25 June 2015

Peter Cosgrove

Governor‑General

By His Excellency’s Command

 

Josh Frydenberg

Assistant Treasurer

 

  

  


Contents

1............ Name................................................................................................... 1

2............ Commencement................................................................................... 1

3............ Authority............................................................................................. 1

4............ Schedules............................................................................................ 1

Schedule 1—Amendments                                                                                                2

Income Tax Assessment Regulations 1997                                                              2

Retirement Savings Accounts Regulations 1997                                                   2

Superannuation Industry (Supervision) Regulations 1994                                2

 


1  Name

                   This is the Tax and Superannuation Laws Amendment (Terminal Medical Conditions) Regulation 2015.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

1 July 2015.

1 July 2015

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the following Acts:

                     (a)  the Income Tax Assessment Act 1997;

                     (b)  the Retirement Savings Accounts Act 1997;

                     (c)  the Superannuation Industry (Supervision) Act 1993.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

  

Income Tax Assessment Regulations 1997

1  Paragraph 303‑10.01(a)

Omit “12 months”, substitute “24 months”.

Retirement Savings Accounts Regulations 1997

2  Paragraph 4.01A(a)

Omit “12 months”, substitute “24 months”.

Superannuation Industry (Supervision) Regulations 1994

3  Paragraph 6.01A(a)

Omit “12 months”, substitute “24 months”.