Taxation Laws Amendment Act 1994 (56 of 1994)

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

Division 6   Payments to estate of a dead employee

101   Reduction of charge percentage where contribution made to fund other than defined benefit superannuation scheme

 

(1) Section 23 of the Principal Act is amended by inserting after subsection (9) the following subsection:
        

(Contributions to estate of deceased employee)

"(9A) If:

(a) an employee has died; and

(b) the employer would, if the employee had not died, have made a contribution to a complying superannuation fund for the benefit of the employee; and

(c) the employer pays to the legal personal representative of the employee an amount equal to the amount of the contribution that would have been paid;

the amount paid is taken for the purposes of this section to have been a contribution made by the employer to a complying superannuation fund for the benefit of the employee.".

      

(2) The amendment made by subsection (1) has effect as if that subsection had commenced on 1 July 1992, immediately after the commencement of the Principal Act.