Commonwealth Numbered Acts

SUPERANNUATION INDUSTRY (SUPERVISION) CONSEQUENTIAL AMENDMENTS ACT 1993 No. 82, 1993 - SECT 18

18.(1) Section 27A of the Principal Act is amended by omitting from the
definitions of "annuity" and "pension" in subsection (1) "3 of the
Occupational Superannuation Standards Act 1987" and substituting "10 of the
Superannuation Industry (Supervision) Act 1993".

(2) Section 27A of the Principal Act is amended by omitting paragraph (a) of
the definition of "approved deposit fund" in subsection (1) and substituting
the following paragraphs:

"(aa) a fund that, at any time after the beginning of the fund's 1994-95 year
of income, is or was an approved deposit fund within the meaning of the
Superannuation Industry (Supervision) Act 1993; or

   (a)  a fund that was, at any time during the period:

        (i)    beginning immediately after the commencement of section 1 of
               the Taxation Laws Amendment Act (No. 4) 1989; and

        (ii)   ending immediately before the beginning of the fund's 1994-95
               year of income; an approved deposit fund within the meaning of
               the Occupational Superannuation Standards Act 1987 as in force
               on 30 November 1993; or".

(3) Section 27A of the Principal Act is amended by omitting from subsection
(1) the definition of "approved trustee".

(4) Section 27A of the Principal Act is amended by inserting after subsection
(3A) the following subsections:

"(3B) A reference in the definition of 'eligible termination payment' in
subsection (1) to a payment made by the trustee of an approved deposit fund in
respect of a taxpayer by reason that the taxpayer was a depositor with the
fund includes a reference to an amount paid to a taxpayer under subsection
225(6) of the Superannuation Industry (Supervision) Act 1993, if the payment
relates to an amount of unclaimed money that was payable to the taxpayer by
the trustee of an approved deposit fund.

"(3C) A reference in the definition of 'eligible termination payment' in
subsection (1) to a payment made from a superannuation fund in respect of a
taxpayer by reason that the taxpayer was a member of the fund includes a
reference to an amount paid to a taxpayer under subsection 225(6) of the
Superannuation Industry (Supervision) Act 1993, if the payment relates to an
amount of unclaimed money that was payable to the taxpayer by the trustee of a
superannuation fund.".