Superannuation (Government Co-Contribution for Low Income Earners) Act 2003

PART 9 - DICTIONARY  

SECTION 56  

56   DICTIONARY  

In this Act, unless the contrary intention appears:

approved deposit fund
has the same meaning as in section 10 of the Superannuation Industry (Supervision) Act 1993 .

approved form
has the meaning given by section 388-50 in Schedule 1 to the Taxation Administration Act 1953 .

assessable income
has the same meaning as in the Income Tax Assessment Act 1997 .

authorised person
(Repealed by No 2 of 2015)

base interest rate
for a day has the same meaning as in section 8AAD of the Taxation Administration Act 1953 .

Commissioner
means the Commissioner of Taxation.

complying superannuation fund
has the same meaning as in the Income Tax Assessment Act 1997 .

concessional contributions
has the same meaning as in the Income Tax Assessment Act 1997 .

constitutionally protected fund
has the same meaning as in the Income Tax Assessment Act 1997 .

contributed amounts
has the same meaning as in the Superannuation Contributions Tax (Assessment and Collection) Act 1997 .

court
includes any tribunal, authority or person having power to require the production of documents or the answering of questions.

credit
to an RSA that is a policy (within the meaning of the Life Insurance Act 1995 ) means pay as a premium in relation to the policy.

decision
includes a decision not to make a determination under section 13 , 15 or 19 .

dependant
has the same meaning as in the Superannuation Industry (Supervision) Act 1993 .

Deputy Commissioner
(Repealed by No 145 of 2010)

eligible personal superannuation contribution
has the meaning given by section 7 .

eligible temporary resident visa
(Repealed by No 27 of 2009)

examinable documents
means any documents relevant to the operation of this Act or the regulations.

general transfer balance cap
has the same meaning as in the Income Tax Assessment Act 1997 .

Government co-contribution
means a Government co-contribution payable under this Act.

higher income threshold
has the meaning given by section 10A .

hold
: a person holds an RSA account if the person is the holder of the account within the meaning of the Retirement Savings Accounts Act 1997 .

income tax return
means:

(a) a return under section 161 , 162 or 163 of the Income Tax Assessment Act 1936 ; or

(b) a return by the trustee of a deceased person ' s estate under Subdivision 260-E of Schedule 1 to the Taxation Administration Act 1953 .

income year
has the same meaning as in the Income Tax Assessment Act 1997 .

indexation factor
has the meaning given by section 10A .

infringement notice
means a notice given under section 33 .

lower income threshold
has the meaning given by section 10A .

low income superannuation contribution
(Repealed by No 96 of 2014)

low income superannuation tax offset
means a low income superannuation tax offset payable under this Act.

member
means a member, or former member, of a superannuation fund or of an approved deposit fund and includes the holder, or former holder, of an RSA.

non-concessional contributions
has the same meaning as in the Income Tax Assessment Act 1997 .

non-concessional contributions cap
has the same meaning as in the Income Tax Assessment Act 1997 .

payment date
means:

(a) for a Government co-contribution - the date worked out in accordance with the regulations made for the purposes of section 17 ; or

(b) for an underpaid amount of a Government co-contribution - the date worked out in accordance with the regulations made for the purposes of section 21 .

prescribed penalty
for a contravention means 5 penalty units for each week or part of a week during which the contravention continues.

Note:

See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

produce
a document includes permit access to the document.

protected document
(Repealed by No 145 of 2010)

protected information
(Repealed by No 145 of 2010)

provider
of an RSA has the same meaning as in the Retirement Savings Accounts Act 1997 .

reportable fringe benefits total
has the same meaning as in the Income Tax Assessment Act 1936 .

RSA
has the same meaning as in the Retirement Savings Accounts Act 1997 .

Second Commissioner
(Repealed by No 145 of 2010)

Superannuation Holding Accounts Account
(Repealed by No 8 of 2005)

Superannuation Holding Accounts Special Account
means the Superannuation Holding Accounts Special Account continued in existence by section 8 of the Small Superannuation Accounts Act 1995 .

superannuation provider
means:

(a) the trustee of a complying superannuation fund; or

(b) the provider of an RSA; or

(c) the trustee of a constitutionally protected fund.

taxation officer
means a person employed or engaged under the Public Service Act 1999 who is:

(a) exercising powers; or

(b) performing functions;

under, pursuant to or in relation to a taxation law (as defined in section 2 of the Taxation Administration Act 1953 ).

total income
of a person for an income year has the meaning given by section 8 .

total superannuation balance
has the same meaning as in the Income Tax Assessment Act 1997 .

trustee
of a superannuation fund, or constitutionally protected fund, means:

(a) if there is a trustee (within the ordinary meaning of that expression) of the fund - the trustee; or

(b) otherwise - the person who manages the fund.

trustee
, when used in relation to a deceased person ' s estate, has the same meaning as in the Income Tax Assessment Act 1936 .

underpaid amount
of a Government co-contribution has the meaning given by subsection 19(2) .