Superannuation and Corporations Legislation Amendment (Low Income Superannuation Contribution) Regulation 2013 (202 of 2013)

Schedule 1   Amendments relating to superannuation legislation

Superannuation (Government Co-contribution for Low Income Earners) Regulations 2004

[6]   After Part 4

Insert:

Part 5 - Transitional

30 Amendments made by the Superannuation and Corporations Legislation Amendment (Low Income Superannuation Contribution) Regulation 2013

The amendments made by items 1 to 5 and 7 of Schedule 1 to the Superannuation and Corporations Legislation Amendment (Low Income Superannuation Contribution) Regulation 2013 apply in relation to the 2012-13 income year and later income years.

31 Nominated accounts for 2012-13 income year

(1)This regulation applies in relation to the payment of a low income superannuation contribution for the 2012-13 income year that is made in the financial year starting on 1 July 2013.

(2)For item 3 of the table in subregulation 5(1), the nomination of an eligible account for the purpose of receiving a Government co-contribution is also taken to be the nomination of an eligible account for the purpose of receiving the low income superannuation contribution.