Document ID: chunk:federal_register_of_legislation:C2004A04637:body:0:p10
Version: federal_register_of_legislation:C2004A04637
Segment Type: other
Provision Reference: 
Character Range: 24972–27753

to, or to a provision of, section 342 of the SIS Act includes a reference to, or to the corresponding provision of, the repealed section 15D of the Occupational Superannuation Standards Act 1987 (including that section as it continues to apply because of the Occupational Superannuation Standards Amendment Act 1993).".

Issue, revocation etc. of SIS notices

  30. Section 269 of the Principal Act is amended:

  (a) by omitting subsection (1);

     (b) by omitting from paragraph (2)(a) "section 15D of the OSS Act" and substituting "section 342 of the SIS Act".

Pre-1 July 88 funding credit balance

  31. Section 275A of the Principal Act is amended:

     (a) by omitting from subsection (2) "15D(2) of the OSS Act" and substituting "342(2) of the SIS Act";

     (b) by omitting from subsection (4) "15D(4) of the OSS Act" and substituting "342(4) of the SIS Act";

     (c) by omitting from subsection (5) "15D(6) of the OSS Act" and substituting "342(6) of the SIS Act";

     (d) by omitting from subsection (6) "15D(7) of the OSS Act" and substituting "342(7) of the SIS Act".

Assessment as if entity were a complying superannuation fund, complying ADF or PST

  32. Section 300A of the Principal Act is amended:

    (a) by omitting paragraph (1)(a) and substituting the following paragraph:

         "(a) at the time when the Commissioner is making an assessment in relation to a fund or a unit trust for a particular year of income, the fund or unit trust is not a complying superannuation fund, complying ADF or PST in respect of the year of income; and";

    (b) by omitting from paragraph (1)(b) "one of those sections" and substituting "section 40 of the SIS Act";

    (c) by omitting from subparagraph (2)(b)(i) "return, certificates and fees referred to in subsection 12(1), 14(1) or 15B(1) of the OSS Act" and substituting "return and certificates referred to in subsection 36(1) of the SIS Act".

Assessment on basis of anticipated pre-1 July 88 funding credit balance

33.(1) Section 300B of the Principal Act is amended by omitting from subparagraph (1)(a)(i) "subsection 15D(2) or (7), or both, of the OSS Act" and substituting "subsection 342(2) or (7), or both, of the SIS Act,".

(2) Section 300B of the Principal Act is amended by omitting sub-subparagraphs (2)(b)(i)(A) and (B) and substituting the following sub-subparagraphs:

  "(A) if the anticipated notice, or any of the anticipated notices, is a notice under subsection 342(2) of the SIS Act—the application, certificates, other documents and fee referred to in subsection 342(3) of that Act in relation to the fund by the end of 12 months after the Commissioner of Taxation makes the assessment, or by such date as is prescribed by the regulations, whichever is the earlier; or

  (B) if