Corporations Amendment (Insolvency) Act 2007 (132 of 2007)
Schedule 1 Improving outcomes for creditors
Part 1 Enhancing protection of employee entitlements
Superannuation Guarantee (Administration) Act 1992
13 After subsection 64B(3)
Insert:
(3A) The Commissioner may vary an employee's proportion of an amount if the amount of the charge payment has been affected by:
(a) the application of the monetary limit imposed by subsection 556(1A) of the Corporations Act 2001 in respect of the employee; or
(b) the application of the monetary limit imposed by paragraph 109(1)(e) of the Bankruptcy Act 1966 in respect of the employee.
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