South Australian Current Regulations South Australian Current Regulations62AAB—Excess non-concessional contributions
(1) If a release
authority is issued to the Board under the Taxation Administration
Act 1953 of the Commonwealth in relation to a member's excess
non-concessional contributions, the Board may pay to the member any amount the
Board is required to pay pursuant to the authority.
(2) If a payment is
made to a member under subregulation (1), the Board must debit the amount
of the payment against the member's employee contribution account or, if the
credit balance of the member's employee contribution account is not sufficient
to make the payment, the member's employer contribution account, rollover
account or co-contribution account.
(3) In this
section—
"excess non-concessional contributions" has the same meaning as in the
Income Tax Assessment Act 1997 of the Commonwealth.