Document ID: chunk:federal_register_of_legislation:C2022C00273:section:24na:p2
Version: federal_register_of_legislation:C2022C00273
Segment Type: section
Provision Reference: s 24NA (pt 2/2)
Character Range: 180164–181478

the person are paid into the account; and
 (e) under the terms of the fund, and under the law of the Commonwealth, the fund can accept payment of the superannuation amount in respect of the person; and
 (f) in the case that the amount includes a New Zealand‑sourced amount—either:
 (i) the fund is not self managed superannuation fund; or
 (ii) the superannuation provider for the fund has notified the Commissioner, in the approved form, that the fund accepts New Zealand‑sourced amounts.
 (3) If there is more than one fund in relation to which paragraphs (2)(b), (c), (d) and (e) are satisfied in respect of a person, then despite subsection (2), the Commissioner must pay each superannuation amount in respect of the person in accordance with the regulations.
 (4) If the Commissioner makes a payment to a fund under subsection (2) or regulations made for the purposes of subsection (3), the Commissioner must also pay to the fund the amount of interest (if any) worked out in accordance with the regulations.
Note: Money for payments under this section is appropriated by section 16 of the Taxation Administration Act 1953.
 (5) Regulations made for the purposes of subsection (4) may prescribe different rates for different periods over which the interest accrues. For this purpose, rate includes a nil rate.