Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)

174

Section 295-25

Commissioner makes an assessment as if an entity were a complying superannuation entity or a pooled superannuation trust for the income year and:

(a) the entity does not become one; or

(b) the Australian Prudential Regulation Authority (APRA) does not receive certain documents about the entity within a specified period

175

Section 295-30

Notice under section 342 of the Superannuation Industry (Supervision) Act 1993 or under regulations made for the purposes of that section is revoked, or the decision to give the notice is set aside

176

Subsection 295-195(3)

An amount is excluded from the assessable income of a complying superannuation fund or an RSA provider because of the exercise of an option by the trustee or provider

177

Section 295-270

Commissioner makes an assessment on the basis of an amount of pre-1 July 88 funding credits being anticipated for an income year and:

(a) it becomes clear that those credits will not be available; or

(b) APRA does not receive certain documents within a specified period

178

295-490(2)

Deduction is denied because financial assistance funding levy is remitted or there is a refund of an overpayment of the levy