Superannuation Guarantee (Administration) Act 1992

PART 7 - PENALTY FOR LATE OR NON-PAYMENT OF SUPERANNUATION GUARANTEE CHARGE  

SECTION 59B   CONSEQUENCES IF A LIABILITY TO PAY ALL OR PART OF THE SPECIFIED AMOUNT IS REDUCED OR CEASES TO EXIST  

59B(1)    
If:

(a)    the current notice payment period has not expired; and

(b)    a liability under this Act to pay any of the amounts making up the specified amount is reduced (but not to nil);

treat the specified amount in the current notice as if it were reduced by the amount of the reduction referred to in paragraph (b) .

59B(2)    
If:

(a)    the current notice payment period has not expired; and

(b)    each liability under this Act to pay an amount making up the specified amount either:

(i) is reduced to nil; or

(ii) ceases to exist;

treat the current notice as if it were revoked.