Taxation Laws Amendment Act (No. 3) 1992 (98 of 1992)

Part 4   AMENDMENT OF THE OCCUPATIONAL SUPERANNUATION STANDARDS ACT 1987

88   Amendment of interim determinations

 

(1) Section 15N of the Principal Act is amended by omitting subsection (5) and substituting the following subsection:
            

"(5) If the Commissioner amends a determination under this section, the following provisions have effect:

(a) if the determination, as amended, is a determination that a payment is in excess of the reasonable benefit limits, the Commissioner must give a copy of the amended determination, and a written statement setting out the basis on which the determination was amended, to the person;

(b) in any other case, if the Commissioner thinks it desirable, he or she may give the person the documents mentioned in paragraph (a);

(c) if the Commissioner of Taxation so requests, the Commissioner may give the Commissioner of Taxation:

(i) a copy of the amended determination; and

(ii) any or all information disclosed or obtained under or for the purposes of this Act and concerning the payment to which the determination relates.".

      

(2) Subsection 15N(5) of the Principal Act as amended by this Act applies in relation to any amended determination that relates to a payment made on or after 1 July 1991.
            

      

(3) Section 15N of the Principal Act as in force immediately before the commencement of this section continues to apply in relation to an amended determination that relates to a payment made before 1 July 1991.