SUPERANNUATION GUARANTEE (ADMINISTRATION) REGULATIONS 1993 (REPEALED)

Reg 16 repealed by SLI No 73 of 2007, reg 3 and Sch 1 item 3, applicable in relation to a superannuation provider that receives employer contributions on or after 1 July 2007. Reg 16 formerly read:

REGULATION 16 INFORMATION TO BE INCLUDED IN SUPERANNUATION PROVIDER ' S STATEMENT ON SUPERANNUATION CONTRIBUTIONS  
16(1)
This regulation applies to a superannuation provider that has received employer contributions on or after 1 July 2005.

Note:

Superannuation provider is defined in subsection 6(1) of the Act.

16(2)
For subsection 78(3) of the Act, a statement given by the superannuation provider in relation to a fund or RSA must contain the information set out in this regulation in respect of a member of a fund or holder of an RSA for a year.

Note 1:

A reference to a member of a fund does not include a member of the fund whose entitlements have been transferred out of the fund during the year. A reference to a holder of an RSA does not include a holder whose entitlements have been transferred out of the RSA during the year.

Note 2:

Under subsection 78(1) of the Act, the statement must be in an approved form.

16(3)
The statement must include:

(a) the provider ' s details; and

(b) the details of each member of the superannuation fund (including each member for whom a benefit certificate is current under the Act) or holder of an RSA; and

(c) details of any contributions that have been made by or on behalf of the member or RSA holder for the year, and any amounts reported to the superannuation provider under section 78A of the Act.

16(4)
However, the superannuation provider is not required to provide information mentioned in subregulation (3) if the Commissioner of Taxation advises the provider that the information is not required.

Note:

The Commissioner of Taxation will provide guidance on whether particular information mentioned in subregulation (3) is relevant for the statement of particular superannuation providers.

16(5)
If the fund is a self managed superannuation fund within the meaning of section 17A of the Superannuation Industry (Supervision) Act 1993 , the superannuation provider must give the information by 31 March after the end of the financial year in which the contributions are received.

16(6)
If the fund is not a self managed superannuation fund, the superannuation provider must give the information by 31 October after the end of the financial year in which the contributions are received.

Reg 16 inserted by SLI No 260 of 2006, reg 3 and Sch 1 item 1, effective 6 October 2006.