SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 7.07A Initial registration of employee

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 7.07A

  (1)   This regulation applies to an employer if:

  (a)   the employer makes a contribution for an employee to a regulated superannuation fund on or after the commencement of Part   3B; and

  (b)   the employer has not previously made a contribution to the fund for the employee; and

  (c)   the contribution is not to:

  (i)   a self managed superannuation fund; or

  (ii)   a fund chosen by the employee.

  (2)   The employer must, before or on the same day as the employer makes the first contribution, give the following information to the fund:

  (a)   the employee's full name;

  (b)   the employee's date of birth;

  (c)   the employee's tax file number;

  (d)   the employee's sex;

  (e)   the employee's residential address.

  (3)   However, subregulation   (2) does not apply if the employer has made reasonable efforts to get the information from the employee but has been unable to do so.

Note:   Standards made under subsection   34K(3) of the Act may set out how the information in subregulation   (2) is to be given to the fund (for example, electronically), and may set out additional information that must be given.