Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 1   Approved superannuation clearing house

Part 1   Main amendments

Superannuation Guarantee (Administration) Act 1992

3   After section 23A

Insert:

23B Contributions through an approved clearing house

For the purposes of sections 23 and 23A:

(a) treat an employer that, at a particular time, pays an amount to an approved clearing house for the benefit of an employee as having made a contribution of the same amount to a complying superannuation fund or an RSA for the benefit of the employee at that time, if the approved clearing house accepts the payment; and

(b) disregard any contribution that the approved clearing house makes to a complying superannuation fund or an RSA as a result of the payment.