Document ID: chunk:federal_register_of_legislation:F2022C00987:reg:7
Version: federal_register_of_legislation:F2022C00987
Segment Type: reg
Provision Reference: reg 7
Character Range: 5672–8418

7  Statement by superannuation provider who pays surcharge or advance instalment
 (1) For the purposes of section 35 of the Act, this section prescribes information that is required to be set out in a statement by a superannuation provider who makes a payment to the Commissioner of surcharge or advance instalment on a member's surchargeable contributions for a financial year.

Account reconciliation on payment discharging deferred liability for surcharge
 (2) If the statement relates to the payment of an amount under subsection 16(6) of the Act, the statement must include the following information:
 (a) the superannuation provider's name, ABN, tax file number and superannuation fund number;
 (b) the date of the statement;
 (c) the amount of the payment that is surcharge on the surchargeable contributions of the member;
 (d) the amount (if any) of the payment that is interest under subsection 16(4) of the Act;
 (e) the amount (if any) of the payment that is interest under section 21 or 22 of the Act;
 (f) the total amount of the payment.

Assessment variation advice for other members or former members
 (3) The statement must include the information required by subsection (4) if:
 (a) the superannuation provider has received notice of an assessment of surcharge or of a determination of advance instalment on a member or former member's surchargeable contributions; and
 (b) the superannuation provider is not liable to pay the surcharge or the advance instalment; and
 (c) the superannuation provider has not included the information in relation to the assessment or determination in a previous statement.
 (4) For the purposes of subsection (3), the following information is required:
 (a) the superannuation provider's name, ABN, tax file number and superannuation fund number;
 (b) the date of the statement;
 (c) the name and contact details of an individual who is a contact person for the purposes of the assessment or determination;
 (d) the identification number given to the assessment or determination by the Commissioner;
 (e) the amount of surcharge assessed or advance instalment determined for which the superannuation provider is not liable;
 (f) the reason the superannuation provider is not liable for the surcharge or advance instalment;
 (g) if any of the contributed amounts in relation to the member have been paid to the member—the matters that would be required under subsection 13(3) of the Act in relation to a payment;
 (h) if any of the contributed amounts in relation to the member have been transferred to another superannuation provider—the matters that would be required under paragraph 13(4)(a) of the Act in relation to a transfer;
 (i) if the member has died—the date of death of the member.