Superannuation Industry (Supervision) Act 1993

S 106A(1) amended by No 11 of 2014, s 3 and Sch 2 items 19 and 20, by substituting " Note 1 " for " Note " in the note and inserting note 2, applicable to contraventions that occur on or after 1 July 2014.

S 106A(1) substituted by No 53 of 2004, s 3 and Sch 2 item 144, effective 1 July 2004. S 106A(1) formerly read:

106A(1)
Trustee ' s duty to notify Commissioner of Taxation. The trustee of a superannuation entity must give written notice to the Commissioner of Taxation if the trustee:

(a) has knowledge that the superannuation entity has ceased to be a self managed superannuation fund; or

(b) has knowledge that the superannuation entity has become a self managed superannuation fund since first becoming a superannuation entity.

Note:

The trustee of a fund that was already a self managed superannuation fund when the trustee made an election under section 19 does not have to give a notice to the Commissioner of Taxation at that time, because the fund became a self managed superannuation fund before (not since) becoming a superannuation entity.

S 106A inserted by No 121 of 1999, s 3 and Sch 1 item 44, effective 1 July 2000. For transitional and savings provisions see the history note under the heading to Pt 24B .