Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 12   Amendments relating to reasonable benefits limits

Sub-Division C   Payer notification obligations

102   Object

The object of this Subdivision is:

(a) to remove the exemption, for trustees of superannuation funds, from giving notice under section 140M of the Principal Act in relation to ETPs equal to or less than $5,000; and
              

(b) to require the Insurance and Superannuation Commissioner to give notice under that section in relation to ETPs exceeding $5,000.