S 140Q repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years. S 140Q formerly read:
SECTION 140Q ROLL-OVERS TO BE NOTIFIED TO COMMISSIONER
140Q(1)
Notice to be given.
If:
(a)
a person becomes entitled to receive payment of an ETP; and
(b)
the entitlement arose on or after 1 July 1994; and
(c)
either:
(i)
the entitlement arises out of the commutation of a superannuation pension or an immediate annuity; or
(ii)
the ETP represents the residual capital value of a superannuation pension or annuity; and
(d)
the person rolls-over the whole or a part of the ETP;
the payer of the ETP must give to the Commissioner a notice containing such information as is specified in the regulations.
140Q(1A)
[Application]
Subsection (1) does not apply to an ETP made in relation to the non-member spouse in circumstances referred to in paragraph
140UA(1)(c)
.
History
S 140Q(1A) inserted by No 114 of 2001.
140Q(2)
Type of information.
The information specified in the regulations must concern the ETP, pension or annuity.
140Q(3)
Form and lodgment of notice.
The notice must:
(a)
be in the form approved in writing by the Commissioner; and
(b)
be given to the Commissioner before:
(i)
the end of the 14th day of the month after the month in which the entitlement to the ETP arose; or
(ii)
the end of such further period as the Commissioner allows.
140Q(4)
Information may be given in writing or on a data processing device.
An approval of a form may require or permit a notice to be given:
(a)
in writing; or
(b)
in accordance with specified software requirements, on a specified kind of data processing device.
S 140Q inserted by No 208 of 1992.
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