Treasury Laws Amendment (Payday Superannuation) Regulations 2026 (F2026L00133)

Schedule 1 Superannuation guarantee reforms to address unpaid superannuation

Repeal the regulation, substitute:

7.09 Application of Division 7.3

This Division applies in relation to a regulated superannuation fund and to a contribution received by the fund if:

(a) either:

(i) the fund; or

(ii) a superannuation sub-fund (within the meaning of the Income Tax Assessment (1997 Act) Regulations 2021) in the fund;

has fewer than 5 defined benefit members; and

(b) the contribution is in respect of a defined benefit interest of such a member; and

(c) none of subsections 291.170.02(3), (4) and (5) of the Income Tax Assessment (1997 Act) Regulations 2021 apply to the fund.