Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 1   Approved superannuation clearing house

Part 1   Main amendments

Superannuation Guarantee (Administration) Act 1992

5   After section 79

Insert:

79A Approved clearing house

(1) This section applies if:

(a) an employer pays an amount to an approved clearing house for the benefit of an employee; and

(b) as a result, the approved clearing house makes a contribution to an RSA, a superannuation fund or a superannuation scheme for the benefit of the employee.

(2) To avoid doubt, the approved clearing house makes the contribution to the RSA, superannuation fund or superannuation scheme on behalf of the employer, as the employer's agent.

(3) Approved clearing house means a body specified in the regulations for the purposes of this subsection.