Superannuation Contributions and Termination Payments Taxes Legislation Amendment Act 1997 (191 of 1997)

Schedule 4   Amendment of the Superannuation Contributions Tax (Assessment and Collection) Act 1997

17   After subsection 13(4)

Insert:

Statement to be given by superannuation provider to which contributed amounts have been transferred

(4A) If, after 7.30 pm by legal time in the Australian Capital Territory on 20 August 1996, any of the contributed amounts were or are transferred by a superannuation provider to another superannuation provider, the other provider must give to the provider:

(a) if the amounts were or are transferred in the 1996-97 financial year or the 1997-98 financial year - not later than the notification date for the financial year in which the amounts were or are transferred; or

(b) if the amounts were or are transferred in a later financial year - within 30 days after the day on which the amounts were or are transferred;

a statement setting out any matters required by the regulations.