Taxation Laws Amendment (Superannuation) Act 1992 (208 of 1992)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 8   Amendments abolishing a taxpayer's ability to choose which parts of an ETP (other than undeducted contributions and concessional components) are rolled-over

46   Application

(Basic application-amounts rolled-over on or after 1 July 1992)

 

(1) The amendments made by this Division apply to:
        

(a) an ETP made on or after 1 July 1992; and
        

(b) an ETP made before 1 July 1992 where:
        

(i) the roll-over period ended on or after 1 July 1992; and
        

(ii) no part of the ETP was rolled-over before 1 July 1992.
        

(Amounts deemed to have been rolled-over before 1 July 1992 if cheque posted before that date)

      

(2) For the purposes of subsection (1), if:
        

(a) an amount is paid as mentioned in paragraph 27A(12)(a), (b) or (c) of the Principal Act; and
        

(b) the amount is paid by cheque; and
        

(c) the cheque was posted before 1 July 1992;
        

the amount is taken to have been paid before 1 July 1992.