SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993
A trustee of a fund may apply to APRA for a pre-1 July 88 funding credit.
(a) the amount consists of, or is the total of, amounts that, under the regulations, are treated as pre-1 July 88 funding amounts; and
(b) paragraph 23(jaa) or section 23FC of the Income Tax Assessment Act , as in force immediately before the commencement of the Taxation Laws Amendment Act (No. 2) 1989 , would have applied to the fund in relation to the 1987-88 year of income, if the amendments made by that last-mentioned Act had not been made.
(a) must be in the approved form; and
(b) must be made on or before the day ascertained in accordance with the regulations; and
(c) must contain such information relating to the fund as is required by the form to be provided; and
(d) must be accompanied by:
(i) such certificates and other documents as the form requires; and
(ii) the prescribed application fee.
(a) a prescribed event has occurred (whether before or after the commencement of this section) in relation to a fund, being an event that relates to:
(i) the membership of the fund; or
(ii) benefits provided by the fund; and
(b) a trustee of the fund fails to notify APRA of the event within the time and in the manner prescribed;
APRA must give written notice to a trustee of the fund accordingly.
(a) require a notification to be accompanied by such information as is prescribed; and
(b) enable APRA to grant an extension of time for lodging a notification.
(a) an event prescribed for the purposes of paragraph (4)(a) has occurred (whether before or after the commencement of this section) in relation to a fund; and
(b) a trustee of the fund notifies APRA of the event as and when required by regulations made for the purposes of paragraph (4)(b); and
(c) APRA is satisfied that, in accordance with the regulations, a pre-1 July 88 funding debit of a particular amount should arise in relation to the fund;
APRA may give to a trustee of the fund a written notice granting the trustee of the fund a pre-1 July 88 funding debit of that amount.
The regulations may make provision for and in relation to the transfer of pre-1 July 88 funding credits between funds.342(8) [Regulations re transfer of credits]
(a) the giving by APRA of a notice approving the transfer of a pre-1 July 88 funding credit of a fund to another fund; and
(b) the revocation of such a notice; and
(c) requiring notification of such a revocation and of the reasons for the revocation.
(a) APRA has, under subsection (2) or (6), given a notice to a trustee of a fund; and
(b) APRA, after considering information that was not previously considered by APRA, ceases to be satisfied as mentioned in the subsection concerned;
APRA must give written notice to a trustee of the fund revoking the notice.
If APRA refuses an application under subsection (1), APRA must give written notice to the applicant of the refusal.
A notice under subsection (9) or (10) must set out the reasons for the revocation or refusal, as the case requires.342(12) [Particulars to Commissioner of Taxation]
APRA must give to the Commissioner of Taxation particulars of all notices given under this section or under regulations made for the purposes of subsection (7).
In this section: