Document ID: chunk:federal_register_of_legislation:C2019A00094:clause:5_13
Version: federal_register_of_legislation:C2019A00094
Segment Type: clause
Provision Reference: sch 5 cl 13
Character Range: 25371–26304

13  After subregulation 4F(4)
Insert:
 (4A) The interest on the unclaimed amount paid by the Commissioner under subsection 24NA(2) or (3) of the Act is to be worked out for the period (the interest period) that:
 (a) starts on the later of:
 (i) 1 July 2013; and
 (ii) the day when the superannuation provider was required to pay the unclaimed amount to the Commissioner under subsection 17(1), section 20QD or section 24E of the Act; and
 (iii) the day when the superannuation provider was required to pay the unclaimed amount to the Commissioner in accordance with a notice under subsection 255‑10(2) of Schedule 1 to the Taxation Administration Act 1953; and
 (b) ends on the third day after the Commissioner last authorised the unclaimed amount to be paid under subsection 24NA(2) or (3) of the Act.

[Minister's second reading speech made in—
House of Representatives on 18 September 2019
Senate on 17 October 2019]

(190/19)