Reg 7.08 repealed by FRLI No F2026L00133, reg 4 and Sch 1 item 41, effective 1 July 2026. Reg 7.08 formerly read:
REGULATION 7.08 CONTRIBUTIONS TO BE ALLOCATED TO MEMBERS
7.08(1)
This regulation applies to the trustee of a regulated superannuation fund if:
(a)
the trustee receives a contribution in a month; and
(b)
regulation 7.07H and subregulation 7.07G(4) do not apply to the trustee in relation to the contribution; and
(c)
the trustee is not required to allocate the contribution in accordance with regulation 7.11.
History
Reg 7.08(1) amended by FRLI No F2021L00199, reg 4 and Sch 1 item 6, by substituting
"
regulation 7.11
"
for
"
regulation 292-170.03 of the
Income Tax Assessment Regulations 1997
"
in para (c), effective 1 April 2021 and applicable in relation to any contribution received on or after 1 July 2021.
7.08(2)
For subsection 31(1) of the Act, the trustee must allocate the contribution to a member of the fund:
(a)
not later than 28 days after the end of the month; or
(b)
if it is not reasonably practicable to allocate the contribution to the member of the fund not later than 28 days after the end of the month
-
within such longer period as is reasonable in the circumstances.
Reg 7.08 substituted by SLI No 317 of 2012, reg 4 and Sch 2 item 5, effective 1 July 2013. For former wording see note under Subdiv
7.2.1
heading.
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