Taxation Laws Amendment Act 1994 (56 of 1994)

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

Division 7   Contribution periods

103   Reduction of charge percentage if contribution made to fund other than defined benefit superannuation scheme

 

(1) Section 23 of the Principal Act is amended by inserting after subsection (6) the following subsection:
        

(Contribution made during a particular period may be taken into account for any of several periods)

"(6A) A contribution to a complying superannuation fund made by an employer for the benefit of an employee in the period starting on 1 July 1993 and ending on 28 July 1994 may be taken into account under this section as if it had been made in any of the contribution periods in the 1993-94 year.".

      

(2) The amendment made by subsection (1) applies to assessments of superannuation guarantee shortfall for the year beginning on 1 July 1993 and for all later years.