Commonwealth Consolidated Regulations

SUPERANNUATION CONTRIBUTIONS TAX (ASSESSMENT AND COLLECTION) REGULATIONS 1997 - REG 2

In these Regulations, unless the contrary intention appears:

"actuarial certificate", for a defined benefits superannuation scheme, means a certificate prepared for the scheme by an eligible actuary that states the actuary's recommendations for the purpose of working out the amount of surchargeable contributions for members of the scheme for a financial year.

"actuarial valuation", of a defined benefits superannuation scheme, means an actuarial valuation of the scheme prepared by an eligible actuary as part of the actuarial investigation of the scheme made under Part 9 of the Superannuation Industry (Supervision) Regulations 1994 .

"assessment variation advice statement" means a statement mentioned in regulation 3D.

"ATO Corporate External Gateway User ID" means the user identification given to a supplier by the Commissioner to enable the supplier to use the ATO Corporate External Gateway.

"Australian Business Number" has the meaning given by section 41 of the A New Tax System (Australian Business Number) Act 1999 .

"client identifier" means a number or other unique identification assigned by a superannuation provider to a member's accounts for linking all dealings by the provider with the member.

"contributed amounts paid/transferred out statement" means a statement under subsection 13 (3) or paragraph 13 (4) (a) of the Act for a member.

"destination superannuation provider" has the meaning given by regulation 3C.

"destination superannuation provider superfund number" means the first 6 digits of the superannuation fund number of a destination superannuation provider.

"document" includes any electronic communication that represents or reproduces words, figures or symbols in visible form.

"employer-sponsor" has the meaning given by subsection 16 (1) of the Superannuation Industry (Supervision) Act 1993 .

"information" includes information in written or electronic form.

"member account number" means the unique combination of characters (whether letters or numbers) used by a superannuation provider to identify a member's account with the provider.

"member contributions statement" means a statement under subsection 13 (2) of the Act for a member.

"PAYE group number", for an employer, means the number assigned to the employer as a registered group employer under section 221F of the Income Tax Assessment Act.

"reporting day" means:

(a)

in 1998 — 15 February, 15 April and 15 July; and

(b)

in 1999 and subsequent years — 15 January, 15 April and 15 July.

"supplier", in relation to information given or to be given to the Commissioner, means:

(a)

a superannuation provider; or

(b)

a person who is an agent of the superannuation provider for the purpose of giving information to the Commissioner.

"supplier number", in relation to an entity that supplies information to the Commissioner, means the Australian Business Number, tax file number, or tax agent number, of the entity.

"tax file number statement" means a statement referred to in subregulation 10 (1).

"the Act" means the Superannuation Contributions Tax (Assessment and Collection) Act 1997 .

unique superannuation provider reference for the contributed amount transferred out means a unique reference provided to the Commissioner by a superannuation provider to identify, in relation to a member and a financial year, a particular transaction in which a contributed amount was transferred out in relation to the member for the financial year.

Note    A number of expressions used in these Regulations are defined by section 43 of the Superannuation Contributions Tax (Assessment and Collection) Act 1997 , including:
* Advance instalment * Allocated surplus amount * Assessment * Commissioner * Contributed amounts * Defined benefits superannuation scheme * Eligible actuary * Eligible termination payment * Income Tax Assessment Act * Interest * Late payment penalty * Member	* Specified roll-over amount * Superannuation (accumulated benefits) provider * Superannuation Contributions Ruling SCR 97/1 * Superannuation (defined benefits) provider * Superannuation provider * Surcharge * Unfunded defined benefits superannuation scheme * Year of income