Commonwealth Numbered Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 249

249.(1) This section applies if a trustee of an eligible rollover fund
receives a payment from another fund in respect of benefits of a member of, or
beneficiary in, that other fund. Trustee to give notice

(2) The trustee must give to the Commissioner, within 28 days after the end of
the half-year in which the payment was received, written notice of the amount
concerned. The notice must also set out such information as is prescribed by
the regulations. Where tax file number quoted

(3) If the member or beneficiary has quoted his or her tax file number to the
trustee of the eligible rollover fund, regulations made for the purposes of
subsection (2) may require the tax file number to be set out in the notice.
Entitlement to quote tax file number

(4) A member of, or beneficiary in, that other fund may quote his or her tax
file number to the trustee of the eligible rollover fund. Deemed quotation of
tax file number

(5) For the purposes of this Act, if the tax file number of the member or
beneficiary is given to the trustee of the eligible rollover fund under
section 245, the member or beneficiary is taken to have quoted that tax file
number to the trustee of the eligible rollover fund. Offence

(6) A person who intentionally or recklessly contravenes subsection (2) is
guilty of an offence punishable on conviction by a fine not exceeding 50
penalty units.