Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 1   Approved superannuation clearing house

Part 1   Main amendments

Retirement Savings Accounts Act 1997

1   After subsection 183(2)

Insert:

(2A) Subsection (2) does not apply if:

(a) the employer pays to an approved clearing house (within the meaning of the Superannuation Guarantee (Administration) Act 1992) the amount of the deduction before the end of period mentioned in that subsection; and

(b) the approved clearing house accepts the payment.