Commonwealth Numbered Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 49

49.(1) For the purposes of paragraph 41(2)(b) and this Division, if:

   (a)  a notice under repealed section 12 or 13 of the Occupational
        Superannuation Standards Act 1987 stated that the Commissioner is
        satisfied that:

        (i)    a fund satisfied the superannuation fund conditions in relation
               to a year of income; or

        (ii)   a fund should be treated as if it had satisfied the
               superannuation fund conditions in relation to a year of income;
               and

   (b)  the year of income is the 1993-94 year of income or an earlier year of
        income; the notice has effect as if it were a notice under section 40
        stating that the fund is a complying superannuation fund in relation
        to the year of income. ADFs-positive

(2) For the purposes of paragraph 41(2)(b) and this Division, if:

   (a)  a notice under repealed section 14 or 15 of the Occupational
        Superannuation Standards Act 1987 stated that the Commissioner is
        satisfied that:

        (i)    a fund satisfied the approved deposit fund conditions in
               relation to a year of income; or

        (ii)   a fund should be treated as if it had satisfied the
               approved deposit fund conditions in relation to a
               year of income; and

   (b)  the year of income is the 1993-94 year of income or an earlier year of
        income; the notice has effect as if it were a notice under section 40
        stating that the fund is a complying approved deposit fund in relation
        to the year of income. PSTs-positive

(3) For the purposes of paragraph 41(2)(b) and this Division, if:

   (a)  a notice under repealed section 15B or 15C of the Occupational 
        Superannuation Standards Act 1987 stated that the Commissioner is
        satisfied that:

        (i)    a trust satisfied the pooled superannuation trust conditions in
               relation to a year of income; or

        (ii)   a trust should be treated as if it had satisfied the
               pooled superannuation trust conditions in relation to a
               year of income; and

   (b)  the year of income is the 1993-94 year of income or an earlier year of
        income; the notice has effect as if it were a notice under section 40
        stating that the trust is a pooled superannuation trust in relation to
        the year of income. Superannuation funds-negative

(4) For the purposes of paragraph 41(2)(b) and this Division, if:

   (a)  a notice under the repealed section 12 or 13 of the Occupational
        Superannuation Standards Act 1987 stated that the Commissioner is not
        satisfied that a fund satisfied the superannuation fund conditions in
        relation to a year of income; and

   (b)  the year of income is the 1993-94 year of income or an earlier year of
        income; the notice has effect as if it were a notice under section 40
        stating that the fund is not a complying superannuation fund in
        relation to the year of income. ADFs-negative

(5) For the purposes of paragraph 41(2)(b) and this Division, if:

   (a)  a notice under the repealed section 14 or 15 of the Occupational
        Superannuation Standards Act 1987 stated that the Commissioner is not
        satisfied that a fund satisfied the approved deposit fund conditions
        in relation to a year of income; and

   (b)  the year of income is the 1993-94 year of income or an earlier year of
        income; the notice has effect as if it were a notice under section 40
        stating that the fund is not a complying approved deposit fund in
        relation to the year of income. PSTs-negative

(6) For the purposes of paragraph 41(2)(b) and this Division, if:

   (a)  a notice under the repealed section 15B or 15C of the Occupational 
        Superannuation Standards Act 1987 stated that the Commissioner is not
        satisfied that a trust satisfied the pooled superannuation trust
        conditions in relation to a year of income; and

   (b)  the year of income is the 1993-94 year of income or an earlier year of
        income; the notice has effect as if it were a notice under section 40
        stating that the trust is not a pooled superannuation trust in
        relation to the year of income. OSSA-continued operation

(7) A reference in this section to a provision of the Occupational 
Superannuation Standards Act 1987 includes a reference to that provision as it
continues to apply, despite its repeal, because of the Occupational 
Superannuation Standards Amendment Act 1993 .