Tax Laws Amendment (2008 Measures No. 2) Act 2008 (38 of 2008)

Schedule 2 Late payment offset for superannuation guarantee contributions

Repeal the subsection, substitute:

(2) The election must be made:

(a) in a statement having effect under section 35 as the employer’s assessment for the quarter; or

(b) within 4 years after the employer’s superannuation guarantee charge for the quarter became payable.

The election cannot be revoked.