SUPERANNUATION (GOVERNMENT CO-CONTRIBUTION FOR LOW INCOME EARNERS) ACT 2003 - SECT 18 Commissioner to give information if co - contribution paid

SUPERANNUATION (GOVERNMENT CO-CONTRIBUTION FOR LOW INCOME EARNERS) ACT 2003 - SECT 18

  (1)   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.

  (2)   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.