Commonwealth Numbered Regulations

SUPERANNUATION GUARANTEE (ADMINISTRATION) AMENDMENT REGULATIONS 2007 (NO. 1) (SLI NO 73 OF 2007) - SCHEDULE 1

(regulation 3)

[1]           Subregulation 6 (1), definition of TR

substitute

"TR" , in relation to a complying superannuation scheme, is the rate of tax payable in respect of the scheme in relation to the low tax component (within the meaning of the Income Tax Assessment Act 1997 ) of the taxable income of the scheme.

[2]           Paragraph 6 (2) (d)

substitute

               (d)    the whole of the minimum requisite benefit constitutes the element taxed in the fund of the taxable component (within the meaning of the Income Tax Assessment Act 1997 ); and

[3]           Regulations 16 and 17

omit