New South Wales Repealed Regulations

This legislation has been repealed.

STATE AUTHORITIES SUPERANNUATION REGULATION 2010 - REG 20A

20A Benefit reductions relating to no-TFN tax

(1) For the purposes of section 45B (1) (d) of the Act, the benefits provided under sections 37, 38, 39, 40, 41, 42 and 43 of the Act are prescribed.

(2) STC must create a debt account in the Fund in respect of each contributor or former contributor in respect of whom a benefit is liable to be reduced under section 45B of the Act.

(3) STC must have regard to the debt account when determining the amount of the reduced benefit.

Note : Under section 45B (3) of the Act, the amount of the reduced benefit is to be determined by STC after obtaining actuarial advice.