SUPERANNUATION (GOVERNMENT CO-CONTRIBUTION FOR LOW INCOME EARNERS) ACT 2003 NO. 110, 2003
Table of Provisions
PART 1--PRELIMINARY
- 1 Short title
- 2 Commencement
- 3 Act binds Crown
- 4 Geographical application of Act
- 5 Overview of the Act
PART 2--GOVERNMENT CO-CONTRIBUTION IN RESPECT OF LOW INCOME EARNERS
Division 1--Government co-contribution
- 6 Person in respect of whom Government co-contribution payable
- 7 Contributions that attract matching Government co-contributions
- 8 Total income for income year
Division 2--Amount of the Government co-contribution
- 9 Basic ruleGovernment co-contribution matches personal contributions
- 10 Taper based on total income for the income year
- 10A Increases in lower and higher income threshold
- 11 Minimum Government co-contribution
- 12 Government co-contribution increased by interest amount if paid late in certain circumstances
PART 3--DETERMINATION THAT GOVERNMENT CO-CONTRIBUTION PAYABLE
- 13 Commissioner's determination
- 14 Matters Commissioner has regard to in making determination
PART 4--PAYMENT OF THE GOVERNMENT CO-CONTRIBUTION
- 15 Commissioner to determine where the Government co-contribution payment is to be directed
- 16 Superannuation provider to return Government co-contribution that cannot be credited to account
- 17 Payment of Government co-contribution
- 18 Commissioner to give information if co-contribution paid
PART 5--UNDERPAYMENTS AND OVERPAYMENTS
Division 1--Underpayments
- 19 Underpayment determinations
- 20 Superannuation provider to return underpaid amount that cannot be credited to account
- 21 Government co-contribution increased by interest amount if underpaid amount paid late in certain circumstances
- 22 Government co-contribution increased by interest amount if underpaid amount due to administrative error
- 23 Small underpayments
Division 2--Recovery of overpayments
- 24 Recovery of overpayment of Government co-contribution in respect of a person
- 25 When general interest charge payable on overpayment
PART 6--INFORMATION GATHERING
Division 1--General
- 26 Superannuation providers must give statements to Commissioner
- 27 Statements where contributed amounts transferred between superannuation providers
- 28 Statements from superannuation providers to members
- 29 Form in which information is to be given to Commissioner or superannuation provider
- 30 Commissioner may require member or legal representative to give information
- 31 Commissioner may require superannuation provider to give information
- 32 Records to be kept and retained by superannuation provider
Division 2--Infringement notices
- 33 When an infringement notice can be served
- 34 Matters to be included in an infringement notice
- 35 Withdrawal of infringement notice
- 36 What happens if penalty is paid
- 37 More than one infringement notice may not be served for the same offence
- 38 Infringement notice not required to be served
- 39 Commissioner may extend period for payment of penalty
Division 3--Access to premises
- 40 Appointment of authorised persons
- 41 Powers of authorised person in relation to premises
- 42 Obstruction of authorised person acting under a warrant
- 43 Persons to assist authorised persons acting under a warrant
- 44 Warrant to enter premises
- 45 Identity cards
PART 7--ADMINISTRATION
Division 1--General administration
- 46 Commissioner to have general administration of the Act
- 47 Decisions to be in writing
- 48 Commissioner may arrange for use of computer programs to make decisions
Division 2--Review of decisions
Division 3--Other administrative matters
PART 8--MISCELLANEOUS
- 55 Regulations
PART 9--DICTIONARY
- 56 Dictionary