Commonwealth Numbered Regulations Commonwealth Numbered Regulations
[1] Subregulation 5 (1), table, item 4
substitute
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The person has 1 or more eligible accounts and has not nominated an eligible account to the Commissioner for the purpose of receiving a Government co‑contribution |
(a) If 1 of the eligible accounts has received a Government co‑contribution in the current financial year -- that eligible account (b) If paragraph (a) does not apply, the eligible account to which the person has made the greatest amount of eligible personal superannuation contributions in the most recent financial year for which the Commissioner has received a statement in respect of the member under section 390‑5 of Schedule 1 to the Taxation Administration Act 1953 |
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(c) If paragraphs (a) and (b) do not apply, the eligible account with the most recently opened account date, for which the Commissioner has received a statement in respect of the member under section 390‑5 of Schedule 1 to the Taxation Administration Act 1953 |
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(d) If paragraphs (a), (b) and (c) do not apply, the eligible account with the highest account balance in the most recent financial year for which the Commissioner has received a statement in respect of the member under section 390‑5 of Schedule 1 to the Taxation Administration Act 1953 (e) If paragraphs (a), (b), (c) and (d) do not apply, the eligible account determined by the Commissioner |
[2] Division 2.4
omit
[3] Subregulation 12 (1)
omit
a statement under section 26 or 27 of the Act
insert
a statement under Division 390 of Schedule 1 to the Taxation Administration Act 1953
[4] Subregulation 18 (1)
substitute
(1) If:
(a) a superannuation provider has given information to the Commissioner in connection with the operation of the Act or these Regulations in relation to a member; and
(b) the member did not quote his or her tax file number to the provider in connection with the operation or possible future operation of the Act before the information was given; and
(c) the Commissioner has not informed the provider of the member's tax file number; and
(d) the member later quotes the tax file number to the provider in connection with the operation or possible future operation of the Act;
the provider must give a statement to the Commissioner relating to the member's tax file number.
Note A form will be approved by the Commissioner for this purpose -- see paragraph 12 (2) (a). The approved form may require the provider to give information about members and their tax file numbers, and may require the provider to give other information.
[5] Schedules 4 and 5
omit