Contents

Part 1--Preliminary                                                                                                                1

1............ Short title [see Note 1] ....................................................................... 1

2............ Commencement [see Note 1] .............................................................. 1

3............ Act to bind Crown .............................................................................. 1

4............ Extension to Territories ...................................................................... 1

5............ Object of Act ...................................................................................... 1

6............ Simplified outline of Act .................................................................... 2

Part 2--Liability to surcharge and advance instalments                                   4

7............ Superannuation contributions surcharge ............................................. 4

7A......... Adjusted taxable income--first case ................................................... 5

7B......... Adjusted taxable income--second case .............................................. 6

8............ Surchargeable contributions ................................................................ 9

8A......... Holder of surchargeable contributions of a member ......................... 13

9............ Surcharge threshold ........................................................................... 15

10.......... Liability to pay surcharge ................................................................. 17

10A....... Payment splits or interest splits on marriage breakdown ................ 18

11.......... Advance instalment of superannuation contributions surcharge ...... 18

12.......... Liability to pay advance instalment ................................................. 19

Part 3--Assessment and collection of surcharge and advance instalments               20

13.......... Superannuation providers to give statements ................................... 20

14.......... Giving of information in certain form ............................................... 24

14A....... Commissioner may require member to provide information as to the holder of the member's surchargeable contributions ..................................................................................... 25

15.......... Assessment of liability to pay surcharge and determination of advance instalment                25

15A....... Self‑assessing superannuation providers .......................................... 28

15B....... Statement etc. by self‑assessing superannuation provider ............... 29

16.......... Deferment of liability for surcharge payable by superannuation (unfunded defined benefits) providers                31

17.......... Credit or refund of advance instalment ............................................. 33

17A....... Periods within which assessments may be made ............................. 34

18.......... Amendment of assessment if tax file number quoted or found out after assessment               37

19.......... Amendment of assessments ............................................................. 38

20.......... Assessment of liability to additional surcharge ................................ 39

21.......... Payment of the general interest charge if liability increased by an amendment of an assessment            41

22.......... Payment of general interest charge if surcharge payable under a further assessment               42

23.......... Tax file numbers ............................................................................... 42

24.......... Objections against assessments ........................................................ 43

Part 4--Recovery of unpaid surcharge, advance instalment, general interest charge or late payment penalty                                                                                                                       45

25.......... Penalty for non‑payment of surcharge or advance instalment ......... 45

25A....... Additional liability to pay general interest charge ............................ 46

Part 5--Administration                                                                                                       47

30.......... General administration of Act .......................................................... 47

31.......... Annual report ................................................................................... 47

32.......... Secrecy .............................................................................................. 47

Part 6--Miscellaneous                                                                                                        51

33.......... No amount payable by Commonwealth under this Act ................... 51

34.......... Act not to operate so as to contravene Constitution ....................... 51

34A....... Exclusion of certain members ........................................................... 51

35.......... Information to be given to Commissioner by superannuation provider who pays surcharge or advance instalment .......................................................................................................... 51

35B....... Prohibition of avoidance schemes ..................................................... 52

35A....... Contravention notices ....................................................................... 52

36.......... Authorised officers ........................................................................... 54

37.......... Evidence ............................................................................................ 54

38.......... Access to premises etc. .................................................................... 55

39.......... Obtaining information and evidence ................................................. 56

40.......... Records to be kept and retained by superannuation provider .......... 57

41.......... Application of the Criminal Code .................................................... 58

42.......... Regulations ....................................................................................... 58

Part 7--Interpretation                                                                                                         59

43.......... Definitions ........................................................................................ 59

Notes                                                                                                                                             67

An Act relating to the assessment and collection of superannuation contributions tax, and for related purposes

  

Notes to the Superannuation Contributions Tax (Assessment and Collection) Act 1997

Note 1

The Superannuation Contributions Tax (Assessment and Collection) Act 1997 as shown in this compilation comprises Act No. 70, 1997 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Superannuation Contributions Tax (Assessment and Collection) Act 1997	70, 1997	5 June 1997	5 June 1997
Superannuation Contributions and Termination Payments Taxes Legislation Amendment Act 1997	191, 1997	7 Dec 1997	Schedule 4 (items 1, 2, 4-50): 5 June 1997 (a) Schedule 4 (item 3): Royal Assent (a)	--
Taxation Laws Amendment (Trust Loss and Other Deductions) Act 1998	17, 1998	16 Apr 1998	16 Apr 1998	Sch. 1 (item 34)
Financial Sector Reform (Consequential Amendments) Act 1998	48, 1998	29 June 1998	Schedule 1 (item 182): 1 July 1998 ( see Gazette 1998, No. S316) (b)	--
Taxation Laws Amendment Act (No. 3) 1999	11, 1999	31 Mar 1999	Schedule 1 (items 309-326): 1 July 1999 (c)	--
A New Tax System (Fringe Benefits Reporting) Act 1999	17, 1999	19 Apr 1999	Schedule 2 (item 14): 17 May 1999 Remainder Royal Assent	--
Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999	44, 1999	17 June 1999	Schedule 7 (items 218-220): 1 July 1999 (see Gazette 1999, No. S283) (d)	S. 3(2)(e) (am. by 160, 2000, Sch. 4 [item 4])
as amended by
Financial Sector Legislation Amendment Act (No. 1) 2000	160, 2000	21 Dec 2000	Schedule 1 (item 21): Royal Assent Remainder: 18 Jan 2001	--
A New Tax System (Closely Held Trusts) Act 1999	70, 1999	8 July 1999	8 July 1999	Sch. 2 (item 16)
Superannuation Contributions and Termination Payments Taxes Legislation Amendment Act 1999	131, 1999	13 Oct 1999	Schedule 1 (items 1-42): 5 June 1997 (e) Schedule 1 (items 43-45): Royal Assent (e)	Sch. 1 (items 43-45)
Public Employment (Consequential and Transitional) Amendment Act 1999	146, 1999	11 Nov 1999	Schedule 1 (items 892-894): 5 Dec 1999 (see Gazette 1999, No. S584) (f)	--
A New Tax System (Tax Administration) Act 1999	179, 1999	22 Dec 1999	Schedule 2 (items 70-72, 130, 132): (g)	Sch. 2 (items 130, 132)
A New Tax System (Tax Administration) Act (No. 1) 2000	44, 2000	3 May 2000	Schedule 3 (item 51): (h)	--
A New Tax System (Tax Administration) Act (No. 2) 2000	91, 2000	30 June 2000	Schedule 2 (items 57-60): (i)	--
Superannuation Contributions Taxes and Termination Payments Tax Legislation Amendment Act 2001	96, 2001	15 Aug 2001	Schedule 1: 5 June 1997 (j)	Sch. 1 (item 9)
Family Law Legislation Amendment (Superannuation) (Consequential Provisions) Act 2001	114, 2001	18 Sept 2001	(k)	--
Superannuation (Government Co‑contribution for Low Income Earners) (Consequential Amendments) Act 2003	111, 2003	12 Nov 2003	12 Nov 2003	Sch. 1 (item 25)
Taxation Laws Amendment Act (No. 5) 2003	142, 2003	17 Dec 2003	Schedule 6 (items 9-15, 21): Royal Assent	Sch. 6 (item 21)
Taxation Laws Amendment Act (No. 1) 2004	101, 2004	30 June 2004	Schedule 11 (items 36, 37): (l) Schedule 11 (items 90-95): (l)	Sch. 11 (items 37, 91, 95)
Superannuation Laws Amendment (Abolition of Surcharge) Act 2005	102, 2005	12 Aug 2005	12 Aug 2005	--
Tax Laws Amendment (2006 Measures No. 2) Act 2006	58, 2006	22 June 2006	Schedule 7 (items 264, 265): Royal Assent	--
Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006	101, 2006	14 Sept 2006	Schedule 2 (items 1017, 1046-1050) and Schedule 6 (items 1, 6-11): Royal Assent	Sch. 6 (items 1, 6-11)
Superannuation Legislation Amendment (Simplification) Act 2007	15, 2007	15 Mar 2007	Schedule 1 (items 328-330, 406(1)-(3)): (m)	Sch. 1 (item 406(1)-(3))

(a)     The Superannuation Contributions Tax (Assessment and Collection) Act 1997 was amended by Schedule 4 (items 1-50) only of the Superannuation Contributions and Termination Payments Taxes Legislation Amendment Act 1997, subsections 2(1) and (3) of which provide as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

                 (3)   Items 1 and 2, and 4 to 50, of Schedule 4 are taken to have commenced on 5 June 1997, immediately after the commencement of the Superannuation Contributions Tax (Assessment and Collection) Act 1997.

(b)    The Superannuation Contributions Tax (Assessment and Collection) Act 1997 was amended by Schedule 1 (item 182) only of the Financial Sector Reform (Consequential Amendments) Act 1998, subsection 2(2) of which provides as follows:

                 (2)   Subject to subsections (3) to (14), Schedules 1, 2 and 3 commence on the commencement of the Australian Prudential Regulation Authority Act 1998.

(c)     The Superannuation Contributions Tax (Assessment and Collection) Act 1997 was amended by Schedule 1 (items 309-326) only of the Taxation Laws Amendment Act (No. 3) 1999, subsection 2(3) of which provides as follows:

                 (3)   Subject to subsections (4) and (5), Schedule 1 commences on 1 July 1999.

(d)     The Superannuation Contributions Tax (Assessment and Collection) Act 1997 was amended by Schedule 7 (items 218-220) only of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999, subsections 3(2)(e) and (16) of which provide as follows:

                 (2)   The following provisions commence on the transfer date:

                      (e)   subject to subsection (12), Schedule 7, other than items 43, 44, 118, 205 and 207 (the commencement of those items is covered by subsections (10), (11) and (13)).

               (16)   The Governor‑General may, by Proclamation published in the Gazette, specify the date that is to be the transfer date for the purposes of this Act.

(e)     The Superannuation Contributions Tax (Assessment and Collection) Act 1997 was amended by Schedule 1 (items 1-42) only of the Superannuation Contributions and Termination Payments Taxes Legislation Amendment Act 1999, subsections 2(1) and (2) of which provide as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

                 (2)   Schedule 1 (other than items 43 to 45) is taken to have commenced on 5 June 1997.

(f)      The Superannuation Contributions Tax (Assessment and Collection) Act 1997 was amended by Schedule 1 (items 892-894) only of the Public Employment (Consequential and Transitional) Amendment Act 1999, subsections 2(1) and (2) of which provide as follows:

                 (1)   In this Act, commencing time means the time when the Public Service Act 1999 commences.

                 (2)   Subject to this section, this Act commences at the commencing time.

(g)     The Superannuation Contributions Tax (Assessment and Collection) Act 1997 was amended by Schedule 2 (items 70-72) only of the A New Tax System (Tax Administration) Act 1999, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences, or is taken to have commenced, immediately after the commencement of section 1 of the A New Tax System (Pay As You Go) Act 1999.

         Section 1 commenced on 22 December 1999.

(h)     The Superannuation Contributions Tax (Assessment and Collection) Act 1997 was amended by Schedule 3 (item 51) only of the A New Tax System (Tax Administration) Act (No. 1) 2000, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences, or is taken to have commenced, immediately after the commencement of section 1 of the A New Tax System (Tax Administration) Act 1999.

         Section 1 commenced on 22 December 1999.

(i)      The Superannuation Contributions Tax (Assessment and Collection) Act 1997 was amended by Schedule 2 (items 57-60) only of the A New Tax System (Tax Administration) Act (No. 2) 2000, subsection 3(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences, or is taken to have commenced, immediately after the commencement of section 1‑1 of the A New Tax System (Goods and Services Tax) Act 1999.

         Section 1‑1 of the A New Tax System (Goods and Services Tax) Act 1999 commenced on 1 July 2000.

(j)      The Superannuation Contributions Tax (Assessment and Collection) Act 1997 was amended by Schedule 1 only of the Superannuation Contributions Taxes and Termination Payments Tax Legislation Amendment Act 2001, subsection 2(2) of which provides as follows:

                 (2)   Schedule 1 is taken to have commenced on 5 June 1997, immediately after the commencement of the Superannuation Contributions Tax (Assessment and Collection) Act 1997.

(k)     Section 2 of the Family Law Legislation Amendment (Superannuation) (Consequential Provisions) Act 2001 provides as follows:

                    2   This Act commences immediately after the commencement of the Family Law Legislation Amendment (Superannuation) Act 2001.

         The Family Law Legislation Amendment (Superannuation) Act 2001 came into operation on 28 December 2002.

(l)      Subsection 2(1) (items 13 and 14) of the Taxation Laws Amendment Act (No. 1) 2004 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.

 

Commencement information
Column 1	Column 2	Column 3
Provision(s)	Commencement	Date/Details
13.  Schedule 11, Part 3	Immediately after the start of 30 June 2000	30 June 2000
14.  Schedule 11, Part 4	Immediately after the start of 1 July 2000	1 July 2000

(m)    Subsection 2(1) (item 2) of the Superannuation Legislation Amendment (Simplification) Act 2007 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Provision(s)	Commencement	Date/Details
2.  Schedule 1	Immediately after the commencement of Schedule 1 to the Tax Laws Amendment (Simplified Superannuation) Act 2007.	15 March 2007

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected	How affected
Part 1
S. 6.......................................	am. No. 191, 1997; No. 11, 1999
	rs. No. 131, 1999
	am. No. 102, 2005
Part 2
S. 7.......................................	am. No. 191, 1997; No. 102, 2005
Ss. 7A, 7B............................	ad. No. 96, 2001
	am. No. 142, 2003
S. 8.......................................	am. No. 191, 1997; No. 131, 1999; No. 96, 2001; Nos. 111 and 142, 2003
S. 8A....................................	ad. No. 131, 1999
	am. No. 114, 2001
S. 9.......................................	am. No. 102, 2005
Subhead. to s. 10(3)............	am. No. 191, 1997
S. 10.....................................	am. No. 131, 1999; No. 114, 2001
S. 10A..................................	ad. No. 114, 2001
S. 11.....................................	am. No. 131, 1999
Part 3
Subhead. to s. 13(2)............	rs. No. 191, 1997
Subhead. to s. 13(4)............	rs. No. 191, 1997
S. 13.....................................	am. No. 191, 1997; No. 131, 1999; No. 96, 2001; No. 102, 2005
S. 14.....................................	am. No. 191, 1997; No. 58, 2006
S. 14A..................................	ad. No. 191, 1997
	am. No. 102, 2005
S. 15.....................................	am. No. 131, 1999; No. 102, 2005
Note to s. 15(4)....................	ad. No. 44, 2000
Ss. 15A, 15B........................	ad. No. 131, 1999
	am. No. 102, 2005
S. 16.....................................	am. No. 191, 1997; No. 114, 2001; No. 15, 2007
S. 17.....................................	am. No. 191, 1997
S. 17A..................................	ad. No. 131, 1999
Ss. 18-20.............................	am. No. 191, 1997; No. 131, 1999
Heading to s. 21...................	am. No. 11, 1999
S. 21.....................................	am. No. 11, 1999
Note to s. 21(1)....................	am. No. 101, 2006
S. 22.....................................	rs. No. 11, 1999
Note to s. 22.........................	am. No. 101, 2006
S. 24.....................................	am. No. 191, 1997; No. 131, 1999
Part 4
Heading to Part 4..................	rs. No. 11, 1999
S. 25.....................................	am. No. 191, 1997; No. 11, 1999
Note to s. 25(1)....................	am. No. 101, 2006
S. 25A..................................	ad. No. 11, 1999
Note to s. 25A(2).................	am. No. 101, 2006
S. 26.....................................	am. No. 11, 1999
	rep. No. 179, 1999
Heading to s. 27...................	am. No. 11, 1999
	rep. No. 179, 1999
S. 27.....................................	am. No. 11, 1999
	rep. No. 179, 1999
Ss. 28, 29.............................	rep. No. 11, 1999
Part 5
Subhead. to s. 32(8)............	am. No. 48, 1998
S. 32.....................................	am. No. 48, 1998; No. 146, 1999
Note to s. 32(2)....................	rs. No. 191, 1997
Note to s. 32(8)....................	ad. No. 191, 1997
Part 6
S. 34A..................................	ad. No. 191, 1997
S. 35.....................................	rs. No. 191, 1997
S. 35A..................................	ad. No. 191, 1997
Renumbered s. 35B..........	No. 131, 1999
S. 35A..................................	ad. No. 191, 1997
	am. No. 131, 1999; No. 91, 2000
S. 36.....................................	am. No. 191, 1997; No. 146, 1999
S. 37.....................................	am. No. 11, 1999
S. 38.....................................	am. No. 91, 2000
Note to s. 38(3) Renumbered Note 1..........	No. 91, 2000
Note 2 to s. 38(3).................	ad. No. 91, 2000
S. 40.....................................	am. No. 191, 1997
S. 40A..................................	ad. No. 191, 1997
	am. No. 44, 1999
	rep. No. 179, 1999
S. 42.....................................	rs. No. 191, 1997
	am. No. 131, 1999
Part 7
S. 43.....................................	am. No. 191, 1997; No. 17, 1998; Nos. 11, 17, 70, 131 and 146, 1999; Nos. 96 and 114, 2001; No. 142, 2003; No. 101, 2004; No. 101, 2006; No. 15, 2007

Table A

Application, saving or transitional provisions

Taxation Laws Amendment (Trust Loss and Other Deductions) Act 1998
(No. 17, 1998)

34  Application

                   The amendment made by this Part applies to the calculation of adjusted taxable income for the financial year that began on 1 July 1996 or a later financial year.

A New Tax System (Closely Held Trusts) Act 1999 (No. 70, 1999)

Schedule 2 

16  Application

The amendment made by this Part applies to the calculation of adjusted taxable income for the financial year that began on 1 July 1998 or a later financial year.

Superannuation Contributions and Termination Payments Taxes Legislation Amendment Act 1999 (No. 131, 1999)

Schedule 1

43  Transitional--superannuation providers to give corrective statements

(1)        If a superannuation provider has, before the commencement of this item, given a statement to the Commissioner under section 13 of the Superannuation Contributions Tax (Assessment and Collection) Act 1997 that did not comply with the requirements that would have applied if the amendments made by items of this Schedule that are taken to have commenced on 5 June 1997 had been in force, the provider must give to the Commissioner not later than a date fixed by the Minister by notice published in the Gazette, in substitution for the first‑mentioned statement, a further statement that complies with those requirements.

(2)        A superannuation provider who contravenes subsection (1) is guilty of an offence punishable on conviction by a fine of not more than 60 penalty units.

Note 1:       Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Note 2:       The amount of a penalty unit is stated in section 4AA of the Crimes Act 1914. If a body corporate is convicted of an offence, subsection 4B(3) of that Act allows a court to impose a fine that is not greater than 5 times the maximum fine that could be imposed by the court on an individual convicted of the same offence.

(3)        Chapter 2 of the Criminal Code applies to offences against subsection (2).

44  Transitional--retrospective objections

If a notice of assessment was given to a member or a superannuation provider before the day on which this Act received the Royal Assent:

                     (a)  if the member or provider did not object against the assessment before that day, then, for the purpose of calculating under section 14ZW of the Taxation Administration Act 1953 the period within which the member or provider may object against the assessment, the notice is taken to have been served on that day; and

                     (b)  if the member or provider objected against the assessment before the day on which this Act received the Royal Assent, the member or provider may make a further objection against the assessment and, for the purpose of calculating under section 14ZW of the Taxation Administration Act 1953 the period within which the member or provider may make the further objection against the assessment, the notice is taken to have been served on that day.

45  Transitional--amendments of assessments

Nothing in section 17A of the Superannuation Contributions Tax (Assessment and Collection) Act 1997 prevents the amendment of an assessment for the purpose of giving effect:

                     (a)  to any amendment made by this Schedule or to item 43 or 44; or

                     (b)  to anything done under a provision of that Act as amended by this Schedule or under item 43 or 44.

A New Tax System (Tax Administration) Act 1999 (No. 179, 1999)

Schedule 2

130  Recovery of a tax‑related liability that is due and payable

Despite its repeal, a provision listed in the table continues to have effect in relation to an amount that became due and payable before 1 July 2000.

 

Tax‑related liability that became due and payable before 1 July 2000
Item	Act	Provision
1	Fringe Benefits Tax Assessment Act 1986	section 94
2	Petroleum Resource Rent Tax Assessment Act 1987	section 86
3	Sales Tax Assessment Act 1992	section 69
4	Superannuation Contributions Tax (Assessment and Collection) Act 1997	section 26 or 27
5	Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997	section 22 or 23
6	Superannuation Guarantee (Administration) Act 1992	section 50
7	Termination Payments Tax (Assessment and Collection) Act 1997	section 17 or 18
8	Taxation Administration Act 1953	subsection 8AAV(1) or (2)
9	Tobacco Charges Assessment Act 1955	section 21
10	Wool Tax (Administration) Act 1964	section 44

132  Collecting amounts from third parties

Despite the repeal of a provision listed in the table:

                     (a)  anything done under that provision before 1 July 2000 continues to have effect on and after that day as if the provision had not been repealed; and

                     (b)  anything done on or after that day, under that provision as it continues to have effect because of this item, has effect as if the provision had not been repealed.

 

Collecting amounts from third parties
Item	Act	Provision
1	Fringe Benefits Tax Assessment Act 1986	section 99
2	Petroleum Resource Rent Tax Assessment Act 1987	section 91
3	Sales Tax Assessment Act 1992	section 74
4	Superannuation Contributions Tax (Assessment and Collection) Act 1997	section 40A
5	Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997	section 35
6	Superannuation Guarantee (Administration) Act 1992	section 56
7	Termination Payments Tax (Assessment and Collection) Act 1997	section 28A
8	Wool Tax (Administration) Act 1964	section 54

Superannuation Contributions Taxes and Termination Payments Tax Legislation Amendment Act 2001 (No. 96, 2001)

Schedule 1 

9  Amendment of assessments

Nothing in the Superannuation Contributions Tax (Assessment and Collection) Act 1997 prevents the amendment of an assessment of surcharge on a member's surchargeable contributions for a financial year for the purpose of giving effect to an amendment of that Act made by this Schedule if the Commissioner has sufficient information to satisfy himself or herself that the amendment is required or permitted for that purpose and the amendment does not increase the amount of surcharge payable in respect of those contributions.

Superannuation (Government Co‑contribution for Low Income Earners) (Consequential Amendments) Act 2003 (No. 111, 2003)

Schedule 1

25  Application of amendments

The amendments made by Part 1 of this Schedule apply in relation to contributions made to complying superannuation funds and RSAs on or after 1 July 2003.

Taxation Laws Amendment Act (No. 5) 2003 (No. 142, 2003)

Schedule 6

21  Application

The amendments made by this Part apply to eligible termination payments (as defined in section 27A of the Income Tax Assessment Act 1936) made on or after 1 July 2002.

Taxation Laws Amendment Act (No. 1) 2004 (No. 101, 2004)

Schedule 11

37  Application

The amendment of section 43 of the Superannuation Contributions Tax (Assessment and Collection) Act 1997 made by this Division applies in relation to financial years ending after 30 June 2000.

91  Saving

If, immediately before 1 July 2000, a person was a member as defined in section 43 of the Superannuation Contributions Tax (Assessment and Collection) Act 1997 (as in force at that time), the person does not cease to be a member for the purposes of that Act because of the amendment of the definition of member in that section made by this Division.

95  Saving

If, immediately before 1 July 2000, an entity (as defined in the Income Tax Assessment Act 1997) was a superannuation provider as defined in section 43 of the Superannuation Contributions Tax (Assessment and Collection) Act 1997 (as in force at that time), the entity does not cease to be a superannuation provider for the purposes of that Act because of the amendments of the definition of superannuation provider in that section made by this Division.

Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006
(No. 101, 2006)

Schedule 6

1  Application of Schedule 1 and 2 amendments

Except as mentioned in items 2 and 3, the repeals and amendments made by Schedules 1 and 2 apply:

                     (a)  so far as they affect assessments--to assessments for the 2006‑07 income year and all later income years; and

                     (b)  otherwise--to acts done or omitted to be done, or states of affairs existing, after the commencement of the repeals and amendments.

6  Object

The object of this Part is to ensure that, despite the repeals and amendments made by this Act, the full legal and administrative consequences of:

                     (a)  any act done or omitted to be done; or

                     (b)  any state of affairs existing; or

                     (c)  any period ending;

before such a repeal or amendment applies, can continue to arise and be carried out, directly or indirectly through an indefinite number of steps, even if some or all of those steps are taken after the repeal or amendment applies.

7  Making and amending assessments, and doing other things, in relation to past matters

Even though an Act is repealed or amended by this Act, the repeal or amendment is disregarded for the purpose of doing any of the following under any Act or legislative instrument (within the meaning of the Legislative Instruments Act 2003):

                     (a)  making or amending an assessment (including under a provision that is itself repealed or amended);

                     (b)  exercising any right or power, performing any obligation or duty or doing any other thing (including under a provision that is itself repealed or amended);

in relation to any act done or omitted to be done, any state of affairs existing, or any period ending, before the repeal or amendment applies.

Example 1: On 31 July 1999, Greg Ltd lodged its annual return under former section 160ARE of the Income Tax Assessment Act 1936. The return stated that the company had a credit on its franking account and that no franking deficit tax was payable for the 1998‑99 franking year. Under former section 160ARH of that Act, the Commissioner was taken to have made an assessment consistent with the return.

                   Following an audit undertaken after the repeal of Part IIIAA of that Act, the Commissioner concludes that Greg Ltd fraudulently overfranked dividends it paid during the 1998‑99 franking year, and had a franking account deficit for that franking year. As a result, the Commissioner considers that franking deficit tax and a penalty by way of additional tax are payable.

                   The Commissioner can amend the assessment under former section 160ARN of that Act, because item 7 of this Schedule disregards the repeal of that section for the purposes of making an assessment in relation to the 1998‑99 franking year. Item 7 will also disregard the repeal of Division 11 of former Part IIIAA to the extent necessary for the Commissioner to assess Greg Ltd's liability to a penalty by way of additional tax.

                   Despite the repeal of sections 160ARU and 160ARV, item 9 will ensure that the general interest charge will accrue on the unpaid franking deficit tax and penalty until they are paid.

                   Item 7 will also preserve Greg Ltd's right, under former section 160ART of that Act, to object against the Commissioner's amended assessment (including the penalty), since the objection is the exercise of a right in relation to a franking year that ended before the repeal of Part IIIAA.

Example 2: During the 1997‑98 income year, Duffy Property Ltd withheld amounts from its employees' wages as required by former Divisions 1AAA and 2 of Part VI of the Income Tax Assessment Act 1936. The company failed to notify the Commissioner of those amounts, and failed to remit them to the Commissioner.

                   Following an audit undertaken after the repeal of those Divisions, the Commissioner discovers that the withheld amounts have not been remitted. The company's records are incomplete and the Commissioner is unable to completely ascertain the extent of its liability for the withheld amounts. Under section 222AGA of that Act, the Commissioner makes an estimate of the liability.

                   Item 7 will disregard the repeal of section 220AAZA of that Act (which empowered the Commissioner to recover the amount of the estimate). Even though the estimate is made after the repeal, it relates to amounts withheld before the repeal.

8  Saving of provisions about effect of assessments

If a provision or part of a provision that is repealed or amended by this Act deals with the effect of an assessment, the repeal or amendment is disregarded in relation to assessments made, before or after the repeal or amendment applies, in relation to any act done or omitted to be done, any state of affairs existing, or any period ending, before the repeal or amendment applies.

9  Saving of provisions about general interest charge, failure to notify penalty or late reconciliation statement penalty

If:

                     (a)  a provision or part of a provision that is repealed or amended by this Act provides for the payment of:

                              (i)  general interest charge, failure to notify penalty or late reconciliation statement penalty (all within the meaning of the Income Tax Assessment Act 1936); or

                             (ii)  interest under the Taxation (Interest on Overpayments and Early Payments) Act 1983; and

                     (b)  in a particular case, the period in respect of which the charge, penalty or interest is payable (whether under the provision or under the Taxation Administration Act 1953) has not begun, or has begun but not ended, when the provision is repealed or amended;

then, despite the repeal or amendment, the provision or part continues to apply in the particular case until the end of the period.

10  Repeals disregarded for the purposes of dependent provisions

If the operation of a provision (the subject provision) of any Act or legislative instrument (within the meaning of the Legislative Instruments Act 2003) made under any Act depends to any extent on an Act, or a provision of an Act, that is repealed by this Act, the repeal is disregarded so far as it affects the operation of the subject provision.

11  Schedule does not limit operation of section 8 of the Acts Interpretation Act 1901

This Schedule does not limit the operation of section 8 of the Acts Interpretation Act 1901.

Superannuation Legislation Amendment (Simplification) Act 2007
(No. 15, 2007)

Schedule 1

406  Application

(1)        The amendments made by this Schedule apply to the 2007‑2008 income year and later years.

(2)        Despite subitem (1), those amendments apply to the 2007‑2008 financial year and later years, to the extent that they relate to Division 292 of the Income Tax Assessment Act 1997.

(3)        Despite subitem (1), those amendments apply on and after 1 July 2007, to the extent that they relate to any of the following:

                     (a)  Divisions 82 and 83 of the Income Tax Assessment Act 1997;

                     (b)  Divisions 301 to 307 of that Act.