SUPERANNUATION (GOVERNMENT CO-CONTRIBUTION FOR LOW INCOME EARNERS) ACT 2003

PART 4 - PAYMENT OF THE GOVERNMENT CO-CONTRIBUTION  

SECTION 18   COMMISSIONER TO GIVE INFORMATION IF CO-CONTRIBUTION PAID  

18(1)   [Details to be provided to payee or representative]  

If the Commissioner pays a Government co-contribution in respect of a person to:


(a) the person; or


(b) the person's legal personal representative;

the Commissioner must give the person or the representative the prescribed information in relation to the co-contribution at the time the co-contribution is paid.

Note:

The person will be given the details of the contribution:

  • (a) by the superannuation provider under the Corporations Regulations 2001 if the Government co-contribution is paid into a complying superannuation fund or an RSA account; and
  • (b) by the Commissioner under the Small Superannuation Accounts Act 1995 if the Government co-contribution is paid into an account in the Superannuation Holding Accounts Special Account.
  • 18(2)   [Details to be provided to trustee or provider]  

    If the Commissioner pays a Government co-contribution in respect of a person to:


    (a) the trustee of a complying superannuation fund for crediting to an account of the person within that fund; or


    (b) the provider of an RSA that the person holds for crediting to the RSA;

    the Commissioner must give the trustee or provider the prescribed information in relation to the co-contribution at the time the co-contribution is paid.




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