Superannuation Laws Amendment (2004 Measures No. 1) Act 2004 (92 of 2004)

Schedule 2   Administrative amendments

Part 2   Repayment dates and general interest charge

Superannuation (Government Co-contribution for Low Income Earners) Act 2003

15   Subsection 25(3)

Repeal the subsection, substitute:

(3) For the purposes of this section:

(a) an amount that a person becomes liable under subsection 16(1) or 20(1) to repay is due to be paid 7 days after the day on which the person first becomes liable to repay the amount; and

(b) an amount payable under a notice given under item 3 or 4 of the table in subsection 24(3) is due to be paid 28 days after the day on which the notice is given.