Superannuation Laws Amendment (2004 Measures No. 1) Act 2004 (92 of 2004)

Schedule 2   Administrative amendments

Part 2   Repayment dates and general interest charge

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

15   Subsection 25(3)

Repeal the subsection, substitute:

(3) For the purposes of this section:

(a) an amount that a person becomes liable under subsection 16(1) or 20(1) to repay is due to be paid 7 days after the day on which the person first becomes liable to repay the amount; and

(b) an amount payable under a notice given under item 3 or 4 of the table in subsection 24(3) is due to be paid 28 days after the day on which the notice is given.


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).