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

Schedule 1   Consequential amendments etc.

Part 2   Other consequential amendments etc.

Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997

335   Paragraph 17(4)(a)

Repeal the paragraph, substitute:

(a) the Commissioner must debit the member's surcharge debt account for the amount of the increase if none of the following has become payable by the relevant superannuation provider for the benefit of the member:

(i) a lump sum;

(ii) a pension;

(iii) a superannuation benefit (within the meaning of the Income Tax Assessment Act 1997); or