Income Tax Regulations 1936 (Repealed)

Sch 2B repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 8, effective 1 July 2007. Sch 2B formerly read:

SCHEDULE 2B

Regulations 53K , 53L and 53M

INFORMATION TO BE GIVEN TO THE COMMISSIONER

Interpretation  
1
For the purposes of this Schedule, a pension is an allocated pension if:

(a) the rate of payment of the pension; or

(b) the basis for variations in the rate of payment of the pension;

is not fully defined in the relevant trust deed.

Note 1:

This definition is based on the definition of " allocated pension " in s 9 of the Social Security Act 1991 ;

Note 2:

For the interpretation of this Schedule, see also regulation 53M .

Specified information  
2
For the purposes of regulations 53K , 53L and 53M , the following information is specified:

A. Recipient information:

Name of person who received the benefit

Address of that person

Tax file number of that person (if known)

Date of birth of that person (if known)

Where the benefit was paid by an employer of the person - whether the person is an associate of the employer

B. Payer information:

Name of Payer

Address of Payer

Tax file number of payer

Where the payer is a superannuation fund, an approved deposit fund, a life assurance company, a registered organisation or an employer of the recipient - specify which applies

C. Benefit information (ETPs; superannuation pensions (other than allocated pensions); annuities and allocated pensions):

So much of the following information as the Commissioner, by notice in writing, requests:

1. In the case of ETPs:

Date on which the ETP was made

Details of the eligible service period to which the ETP relates

Amount of the ETP

Components of the ETP as specified in subsection 27AA of the Act

If the ETP is a result of the commutation or residual capital value of an earlier pension or annuity:

the commencement day of the earlier benefit; and

whether the earlier benefit was a pension or annuity

If the ETP was rolled-over, the date and amount of the roll-over

Whether the ETP is a death benefit within the meaning of section 27AAA of the Act

2. In the case of superannuation pensions (other than allocated pensions):

Commencement day of the pension

Details of the eligible service period to which the pension relates

Annual value of the pension

Term of the pension

Undeducted purchase price

Whether the pension is a disability superannuation pension

Amount of residual capital value, if any

Where the payer is a superannuation fund - whether the person was a member of that fund as at 15 August 1989

Level of reversion, if any, that applies to the pension

Rate of indexation, if any, that applies to the pension

Whether the pension is a rebatable superannuation pension

Whether the pension meets the pension and annuity standards

3. In the case of annuities and allocated pensions:

Commencement day of the annuity or allocated pension

Amount of ETP rolled-over to buy or establish the annuity or allocated pension

Components of the ETP as specified in subsection 27AA of the Act rolled-over to buy or establish the annuity or allocated pension

Details of the eligible service period to which the annuity or allocated pension relates

Whether the annuity or allocated pension meets the pension and annuity standards

4. In any case:

Any further information that the Commissioner, by notice in writing, reasonably requests for the purposes of subsections 140M(1), (1A) or (1C) , 140Q(1) or 140ZP(3) of the Act

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History

Sch 2B amended by No 215 of 2002 and inserted by SR No 461 of 1994.

Sch 2B amended by No 215 of 2002 and inserted by SR No 461 of 1994.