Tax and Superannuation Laws Amendment (2012 Measures No. 1) Act 2012 (75 of 2012)

Schedule 5   Disclosure of superannuation information

Taxation Administration Act 1953

1   Subsection 355-65(3) in Schedule 1 (at the end of the table)

Add:

10

(a) a regulated superannuation fund (within the meaning of the Superannuation Industry (Supervision) Act 1993); or

(b) a public sector superannuation scheme (within the meaning of that Act); or

(c) an *approved deposit fund; or

(d) an *RSA provider; or

(e) an entity that, as an agent of such a fund, scheme or RSA provider, provides administration services for:

(i) beneficiaries (within the meaning of that Act) of the fund or scheme; or

(ii) holders (within the meaning of the Retirement Savings Accounts Act 1997) of *RSAs provided by the RSA provider

is for the purpose of:

(a) informing:

(i) a beneficiary (within the meaning of the Superannuation Industry (Supervision) Act 1993) of such a fund or scheme; or

(ii) a holder (within the meaning of the Retirement Savings Accounts Act 1997) of an *RSA provided by the *RSA provider; or

(iii) an applicant to become such a beneficiary or holder;

of one or more of his or her *superannuation interests (whether with that fund, scheme or RSA provider or another fund, scheme or RSA provider); or

(b) assisting such a beneficiary, holder or applicant to choose whether to maintain or create such a superannuation interest; or

(c) assisting such a beneficiary, holder or applicant to give effect to such a choice; or

(d) informing such a beneficiary, holder or applicant of an amount that is or may become payable, or that may be paid, credited or otherwise dealt with, in relation to the beneficiary, holder or applicant under:

(i) the Small Superannuation Accounts Act 1995; or

(ii) the Superannuation (Government Co-contribution for Low Income Earners) Act 2003; or

(iii) the Superannuation Guarantee (Administration) Act 1992; or

(iv) the Superannuation (Unclaimed Money and Lost Members) Act 1999; or

(e) assisting such a beneficiary, holder or applicant to give effect to a choice that he or she may make, or undertake an action that he or she may undertake, in relation to an amount mentioned in paragraph (d).