Contents

1............ Short title............................................................................................. 2

2............ Commencement................................................................................... 2

3............ Schedule(s)......................................................................................... 3

Schedule 1--Merging superannuation funds                                                       4

Part 1--Extending the application of Division 310                                       4

Income Tax Assessment Act 1997                                                                              4

Tax Laws Amendment (2009 Measures No. 6) Act 2010                                      4

Part 2--Further amendments of Division 310                                                  5

Income Tax Assessment Act 1997                                                                              5

Part 3--Application provision                                                                                  8

Schedule 2--Approved SMSF auditors                                                                   9

Part 1--Main amendments                                                                                         9

Superannuation Industry (Supervision) Act 1993                                                9

Part 2--Other amendments                                                                                      25

Superannuation Industry (Supervision) Act 1993                                              25

Taxation Administration Act 1953                                                                         35

Part 3--Application and transitional provisions                                            36

Schedule 3--Expanded superannuation reporting                                         40

Taxation Administration Act 1953                                                                         40

Schedule 4--Improving efficiency and data quality in the superannuation system          42

Part 1--Superannuation Industry (Supervision) Act 1993                      42

Division 1--Information register for data and payment standards                 42

Superannuation Industry (Supervision) Act 1993                                              42

Division 2--Monitoring                                                                                            44

Superannuation Industry (Supervision) Act 1993                                              44

Division 3--Tax file numbers                                                                                  47

Superannuation Industry (Supervision) Act 1993                                              47

Part 2--Retirement Savings Accounts Act 1997                                          51

Division 1--Information register for data and payment standards                 51

Retirement Savings Accounts Act 1997                                                                 51

Division 2--Monitoring                                                                                            53

Retirement Savings Accounts Act 1997                                                                 53

Division 3--Tax file numbers                                                                                  55

Retirement Savings Accounts Act 1997                                                                 55

Part 3--Minor amendments relating to eligible superannuation entities 59

Income Tax Assessment Act 1936                                                                            59

Retirement Savings Accounts Act 1997                                                                 60

Superannuation Industry (Supervision) Act 1993                                              60

Superannuation Legislation Amendment (Stronger Super) Act 2012             62

Taxation Administration Act 1953                                                                         62

 

 

 

Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Act 2012

No. 158, 2012

 

An Act to amend the law relating to superannuation and taxation, and for other purposes

[Assented to 28 November 2012]

 

The Parliament of Australia enacts:

[Minister's second reading speech made in--

House of Representatives on 19 September 2012

Senate on 30 October 2012]