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Taxation Laws Amendment (Superannuation) Act 1992 (208 of 1992)
- Front Matter
- Part 1 PRELIMINARY
- 1 Short title
- 2 Commencement
- Part 2 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
- Division 1 Principal Act
- 3 Principal Act
- Division 2 Amendments relating to limits for deductions for contributions to superannuation funds
- 4 Deduction for contributions to eligible superannuation fund for employees
- 5 Deductions for superannuation contributions by eligible persons
- 6 Application
- Division 3 Amendments relating to deductions and rebates for personal contributions to superannuation funds
- 7 Interpretation
- 8 Deductions for superannuation contributions by eligible persons
- 9 Subdivision AAC of Division 17 of Part III of the Principal Act is repealed and the following Subdivision is substituted
- 10 Interpretation
- 11 Operation of Part
- 12 Tax benefits
- 13 Cancellation of tax benefits etc.
- 14 Certain employees to be subject to provisional tax
- 15 Keeping of records
- 16 Interpretation
- 17 Application
- 18 Transitional-subsection 82AAT(2) regulations
- Division 4 Amendments relating to rebates for certain superannuation pensions and qualifying annuities
- 19 Interpretation
- 20 Repeal of section 159SK
- 21 Accrual period for a superannuation pension
- 22 Entitlement to rebate-superannuation pension
- 23 Repeal of sections 159SN to 159SR (inclusive)
- 24 Entitlement to rebate-rebatable ETP annuity
- 25 Repeal of sections 159SV to 159SY (inclusive)
- 26 Application of pre-1 July 88 funding credits
- 27 Application
- Division 5 Amendments relating to the undeducted purchase price of an annuity or superannuation pension
- 28 Interpretation
- 29 Application of pre-1 July 88 funding credits
- Division 6 Amendments relating to the unused undeducted purchase price of certain annuities and superannuation pensions
- 30 Interpretation
- 31 Taxed and untaxed elements of post-June 83 component
- 32 Assessable income to include annuities and superannuation pensions
- 33 Application
- Division 7 Amendments to extend the meaning of pensions and annuities, and to provide for minimum standards for certain annuities
- 34 Interpretation
- 35 Interpretation
- 36 Interpretation
- 37 Interpretation
- 38 Application
- 39 Transitional
- 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
- 40 Interpretation
- 41 Components of an ETP
- 42 After section 27AB of the Principal Act the following section is inserted
- 43 Assessable income to include certain superannuation and kindred payments
- 44 Assessable income to include 5% of certain amounts
- 45 Roll-over of ETPs
- 46 Application
- Division 9 Amendments abolishing the 90-day roll-over period for ETPs
- 47 Interpretation
- 48 Roll-over of ETPs
- 49 Application
- Division 10 Amendments relating to the components of ETPs known as bona fide redundancy payments, approved early retirement scheme payments and invalidity payments
- 50 Interpretation
- 51 Components of an ETP
- 52 ETP-retained amounts
- 53 After section 27CA of the Principal Act the following section is inserted
- 54 Roll-over of ETPs
- 55 Approved early retirement scheme payments
- 56 Bona fide redundancy payments
- 57 Invalidity payments
- Division 11 Amendments relating to reasonable benefit limits (RBLs)
- 58 Interpretation
- 59 Components of an ETP
- 60 Before Division 15 of Part III of the Principal Act the following Division is inserted
- 61 Application
- Division 12 Amendment of assessments
- 62 Amendment of assessments
- Part 3 AMENDMENT OF THE OCCUPATIONAL SUPERANNUATION STANDARDS ACT 1987
- Division 1 Principal Act
- 63 Principal Act
- Division 2 Amendments relating to reasonable benefit limits (RBLs)
- 64 Interpretation
- 65 Repeal of Part IIIA
- 66 Review of certain decisions
- 67 Statements to accompany notification of decisions
- 68 Regulations
- 69 Application
- Division 3 Amendment to allow superannuation funds to retain a member's benefit for up to 90 days while the member decides whether to roll-over the benefit
- 70 Interpretation
- 71 Application
- Division 4 Amendments to allow retired persons to transfer their benefits into superannuation funds
- 72 Interpretation
- 73 Application
- Division 5 Amendments relating to minimum standards for pensions and annuities
- 74 Interpretation
- 75 Operating standards for superannuation funds
- 76 Transitional
- Part 4 AMENDMENT OF THE SUPERANNUATION GUARANTEE (ADMINISTRATION) ACT 1992
- Division 1 Principal Act
- 77 Principal Act
- Division 2 Amendments relating to notional earnings base
- 78 Interpretation: notional earnings base where employer contributing to superannuation fund for benefit of employee immediately before 21 August 1991
- 79 Interpretation: notional earnings base where employer not contributing to superannuation fund for benefit of employee immediately before 21 August 1991
- 80 Reduction of charge percentage where contribution made to fund other than defined benefit superannuation scheme
- 81 After section 25 of the Principal Act the following section is inserted
- 82 Application of amendments relating to notional earnings base
- Division 3 Amendment relating to calculation of maximum contribution base
- 83 Interpretation: maximum contribution base
- Division 4 Amendments relating to calculation of individual superannuation guarantee shortfall
- 84 Individual superannuation guarantee shortfall for 1992-93
- 85 Individual superannuation guarantee shortfall for 1993-94 and subsequent years
- Division 5 Amendment relating to the reduction of charge percentage
- 86 Reduction of charge percentage where contribution made to defined benefit superannuation scheme
- 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
- Division 7 Amendments relating to excluded salary or wages
- 88 Salary or wages: general exclusions
- 89 Application of amendments relating to excluded salary or wages
- Part 5 AMENDMENT OF THE TAXATION ADMINISTRATION ACT 1953
- Division 1 Principal Act
- 90 Principal Act
- 91 Interpretation
- 92 Penalty taxes to be alternative to prosecution for certain offences
- 93 General interpretative provisions
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