Superannuation Industry (Supervision) Amendment (Annual Members' Meetings Notices) Regulations 2022 (F2022L01162)

Schedule 1   Amendments

Superannuation Industry (Supervision) Regulations 1994

8   Paragraphs 2.10(2)(b) to (e)

Repeal the paragraphs, substitute:

(b) the sum of the amounts or values of all the gifts referred to in paragraph (1)(f), which is to be described as the aggregate political donations relating to the entity for the year of income;

(c) the sum (which is to be described as the aggregate promotion, marketing or sponsorship expenditure relating to the entity for the year of income) of the amounts of all the payments that satisfy all of the following:

(i) the payment has been made, or is to be made, by or on behalf of the entity under a contract during the year of income;

(ii) the purpose of the payment is promoting the entity, promoting a particular view on behalf of the entity or sponsorship on behalf of the entity;

(iii) the payment is not a gift referred to in paragraph (1)(f);

(d) the sum (which is to be described as the aggregate industrial body payments relating to the entity for the year of income) of the amounts of all the payments made by or on behalf of the entity during the year of income to another entity who, at the time of receiving the payment, was an organisation (within the meaning of the FairWork (Registered Organisations) Act 2009);

(e) the sum (which is to be described as the aggregate related party payments relating to the entityfor the year of income) of the amounts of all the payments made by or on behalf of the entity (the main entity ) during the year of income to a person or entity to which subregulation (2A) applied at the time of receiving the payment.