Reg 2.48A omitted by SR No 21 of 2002, reg 3 and Sch 1 item 26, effective 11 March 2002. Reg 2.48A formerly read:
REGULATION 2.48A EXCEPTION
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MEMBERS SUBJECT TO COMPULSORY PROTECTION OF SMALL AMOUNTS
2.48
If a protected member of a fund ceases to be a member of the fund, the trustee need give the member only the following information for the exit reporting period:
(a)
the contact details of the fund;
(b)
the amount of the member's withdrawal benefit;
(c)
the amount of any deduction, from the member's benefits, in connection with payment of a superannuation contributions surcharge, or an advance instalment of surcharge, during the exit reporting period;
(d)
if there is a difference between the amount deducted and the amount assessed under subsection 15(1) of the
Superannuation Contributions Tax (Assessment and Collection) Act 1997
or between the amount deducted and the amount determined under subsection 15(2) of that Act
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a statement explaining the difference;
(e)
if the fund is an unfunded defined benefits fund
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details of the surcharge debt account kept by the trustee, under subsection 16(2) of the
Superannuation Contributions Tax (Assessment and Collection) Act 1997
, for the member, including:
(i)
the balance of the account at the start of the exit reporting period; and
(ii)
the amount debited to the account during the exit reporting period for superannuation contributions surcharge assessed, by the Commissioner of Taxation, to be payable on the member's surchargeable contributions; and
(iii)
the amount of interest debited, under subsection 16(4) of that Act, to the account during the exit reporting period; and
(iv)
the balance of the account at the end of the exit reporting period.
[
CCH Note:
SR No 309 of 1997 provides for the insertion of new paras (c) to (e) into reg 2.48A(3), effective 5 November 1997. As there is no subreg (3) in reg 2.48A this consolidation is assumed to belong to reg 2.48A.]
Reg 2.48A amended by SR No 309 of 1997 and inserted by SR No 64 of 1995.
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