Treasury Laws Amendment (Putting Consumers First - Establishment of the Australian Financial Complaints Authority) Act 2018 (13 of 2018)

Schedule 1   External dispute resolution

Part 2   Amendments applying once the first authorisation of an external dispute resolution scheme comes into force

Superannuation Contributions Tax (Assessment and Collection) Act 1997

19   Subsection 24(3) (note)

Repeal the note, substitute:

Note: If a member is dissatisfied with an assessment in so far as it relates to the calculation of the member's surchargeable contributions, as based on an amount or amounts set out in a statement given to the Commissioner by a superannuation provider under section 13, the member may make a complaint:

(a) under the AFCA scheme (within the meaning of Chapter 7 of the Corporations Act 2001), but not before the authorisation of the scheme comes into force; or

(b) under section 15CA of the Superannuation (Resolution of Complaints) Act 1993, but not on or after the day on or after which complaints cannot be made because of section 14AB of that Act;

about the unfairness or unreasonableness of the superannuation provider's decision to set out the amount or any of the amounts in the statement.