Superannuation Industry (Supervision) Act 1993

PART 3B - SUPERANNUATION DATA AND PAYMENT REGULATIONS AND STANDARDS

History

Pt 3B inserted by No 91 of 2012, s 3 and Sch 1 item 2, effective 29 June 2012. No 91 of 2012 (as amended by No 158 of 2012 and No 110 of 2014), s 3 and Sch 1 Pt 4 contains the following application provision:

Part 4 - Application provision
20 Application of amendments
(1)
The amendments made by this Schedule apply in relation to:

(a) a trustee of an eligible superannuation entity; or

(b) an RSA provider;
in relation to conduct that occurs on or after 1 July 2013.

(1A)
Subject to subitems (2), (3) and (3A), the amendments made by this Schedule apply in relation to an entity that is an employer in relation to conduct that occurs on or after 1 July 2015.
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History

S 20(1A) inserted by No 110 of 2014, s 3 and Sch 5 item 144, effective 1 July 2014.

(2)
The amendments made by this Schedule apply in relation to an entity that is a medium to large employer on 1 July 2014 in relation to conduct that occurs on or after 1 July 2014.

(3)
The amendments made by this Schedule apply in relation to an entity that is a small employer on 1 July 2014 in relation to conduct that occurs on or after:

(a) if paragraph (b) does not apply - 1 July 2015; or

(b) if the regulations prescribe a day after 1 July 2015 for the purposes of this paragraph - that day.

(3A)
The amendments made by this Schedule apply in relation to an entity in relation to conduct that occurs on or after a day (the test day ) in the period beginning on 2 July 2014 and ending on 30 June 2015 if:

(a) neither subitem (2) nor (3) applies to the entity; and

(b) the entity starts to be an employer on the test day; and

(c) at a time on the test day, the entity is a medium to large employer.
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History

S 20(3A) inserted by No 110 of 2014, s 3 and Sch 5 item 145, effective 1 July 2014.

(4)
In this item:
medium to large employer
, at a particular time, means an employer that employs 20 or more employees at that time.

small employer
, at a particular time, means an employer that employs fewer than 20 employees at that time.

(5)
For the purpose of calculating the number of employees employed by an employer at a particular time, count all employees employed by the employer at that time.

(6)
The Governor-General may make regulations prescribing matters:

(a) required or permitted by this Schedule to be prescribed; or

(b) necessary or convenient to be prescribed for carrying out or giving effect to this Schedule.

Division 4 - Information

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Subdivision B - Register of information about certain funds and schemes

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SECTION 34Y REGISTER OF INFORMATION ABOUT CERTAIN FUNDS AND SCHEMES

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34Y(1)
The Commissioner of Taxation must keep a register of information for the purposes of this Part.

34Y(2)
The Commissioner of Taxation is to keep the register by electronic means.

34Y(3)
The register is not a legislative instrument.

34Y(4)
The Commissioner of Taxation may cause the contents of all or part of the register to be made available to:

(a) entities that must comply with the superannuation data and payment regulations and standards; and

(b) entities that must comply with the data and payment regulations and standards relating to RSAs; and

(c) exempt public sector superannuation schemes.

Contents of the register

34Y(5)
The register must contain the information given to the Commissioner of Taxation in accordance with section 34Z .

34Y(6)
The trustee of an exempt public sector superannuation scheme may give the Commissioner of Taxation information that both:

(a) relates to the scheme; and

(b) is of the kind given to the Commissioner of Taxation in accordance with section 34Z .

The Commissioner of Taxation may include that information on the register.

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