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

Part 4   AMENDMENT OF THE SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992

Division 6   Amendments relating to the period in which employer may obtain statement that fund operated in accordance with superannuation fund conditions

87   Certain benefit certificates presumed to be certificates in relation to complying superannuation scheme

Section 24 of the Principal Act is amended:

(a) by omitting from paragraph (1)(a) all the words from and including "day on which" to and including "commences" and substituting "starting day in relation to that certificate";
        

(b) by omitting from paragraph (2)(b) all the words from and including "day on which" to and including "commences" and substituting "starting day in relation to that certificate";
        

(c) by adding at the end the following subsection:
        

"(5) In this section:

'starting day' means:

(a) in relation to a benefit certificate that has effect in relation to a superannuation scheme for the whole of a contribution period:

(i) the day on which the contribution period commenced; or

(ii) if the contribution period commenced on 1 July 1992-the day on which the Taxation Laws Amendment (Superannuation) Act 1992 received the Royal Assent; and

(b) in relation to a benefit certificate that has effect in relation to a superannuation scheme for a part of a contribution period:

(i) the day on which the part of the contribution period commenced; or

(ii) if the contribution period commenced on 1 July 1992-the day on which the part of the contribution period commenced or the day on which the Taxation Laws Amendment (Superannuation) Act 1992 received the Royal Assent, whichever is the later.".