Superannuation Industry (Supervision) Amendment Regulations 2000 (No. 4)

(280 of 2000)

18 October 2000

Made under Superannuation Industry (Supervision) Act 1993

1   Name of Regulations

These Regulations are the Superannuation Industry (Supervision) Amendment Regulations 2000 (No. 4).

2   Commencement

These Regulations are taken to have commenced on 1 July 2000.

3   Amendment of Superannuation Industry (Supervision) Regulations 1994

Schedule 1 amends the Superannuation Industry (Supervision) Regulations 1994.

Schedule 1   Amendments

[1]   Subregulation 1.03 (1), before definition of accumulation fund

insert

1997 Tax Act means the Income Tax Assessment Act 1997.

[2]   Subparagraphs 1.04 (5) (a) (iv), (v) and (vi)

substitute

(iv) virtual PST assets of a life insurance company within the meaning of the 1997 Tax Act;

(v) segregated exempt assets of a life insurance company within the meaning of the 1997 Tax Act; and

Note 1 PST is defined in regulation 1.03 to mean a pooled superannuation trust.

Note 2 Life insurance company, segregated exempt assets and virtual PST asset , are defined in subsection 995-1 (1) of the 1997 Tax Act.

[3]   Subregulation 1.04 (8), notes

omit