Document ID: chunk:federal_register_of_legislation:F2017L00725:body:0:p9
Version: federal_register_of_legislation:F2017L00725
Segment Type: other
Provision Reference: 
Character Range: 24209–27690

Superannuation (Government Co-contribution for Low Income Earners) Act 2003, Part 2A.

KiwiSaver scheme                             Represents a KiwiSaver scheme as given within the meaning in the KiwiSaver Act 2006.

Defined benefit contribution                 Represents contributions made in respect of a member interest that is a defined benefit interest. Reference: SIS Regulations, r. 1.03AA.

Employer defined benefit contribution [ABS]  Represents defined benefit contributions made by an employer on behalf of a defined benefit member.

Member defined benefit contribution [ABS]    Represents defined benefit contributions made by a defined benefit member. Includes: member defined benefit contributions that are contributed pursuant to a provision in the governing rules.

Gross contributions                          Represents total contributions paid in from all possible sources, including members and employers, gross of any tax. Excludes: rollovers and successor fund transfers. Reference: SIS Regulations, r. 1.03.

Contributions tax                            Represents tax paid and payable on contributions.

Contributions surcharge                      Represents contributions surcharge tax paid and payable on contributions. Reference: Superannuation Contributions Tax (Assessment and Collection) Act 1997, Superannuation Laws Amendment (Abolition of Surcharge) Act 2005.

Rollover                                     Represents an amount that is transferred between superannuation funds, approved deposit funds, deferred annuities or retirement savings accounts. Excludes: successor fund transfers. Reference: SIS Regulations, r. 5.01, r. 6.28 and 6.29.

SMSF rollover                                Represents a rollover associated with a self managed superannuation fund.

Successor fund transfer                      Represents a transfer of a member's benefits without the member's consent from one RSE to a successor fund within the meaning given in r. 1.03 of the SIS Regulations. Reference: SIS Regulations, r. 6.29.

Units issued                                 Represents contributions received and receivable from pooled superannuation trust unit holders. Reference: SIS Act, s. 48; SIS Act, s. 10.

Members' benefits flows                      Represents members' monies paid into or out of the entity.

Item 2                            Do not complete item 2.1 to item 2.4 inclusive for a PST.

                                  Item 2.1 is a derived item. Report benefit payments in item 2.1 as the sum of lump sum benefit payments reported in item 2.1.1 and pension benefits reported in item 2.1.2. Report the portion of benefit payments in item 2.1 that is PAYG withholding tax in item 2.1.3. Report the portion of benefit payments in item 2.1 that is KiwiSaver scheme benefit payments in item 2.1.4.

                                  Report rollovers out of the RSE in item 2.2. Report the portion of rollovers out from the RSE which is SMSF rollovers in item 2.2.1.

                                  Report successor fund transfers out of the RSE in item 2.3.

                                  Report repatriation to employer sponsor in item 2.4.

                                  Item 2.5 is only to be completed in respect of a PST. Report units issued (PST only) in item 2.5.

                                  Item 2.6 is a derived item. Report other members' benefits flows out of the RSE in item 2.6 as total members' benefits