SUPERANNUATION INDUSTRY (SUPERVISION) CONSEQUENTIAL AMENDMENTS ACT 1993 No. 82, 1993 - SECT 57 Certain contributions presumed to be contributions to complying superannuation fund

SUPERANNUATION INDUSTRY (SUPERVISION) CONSEQUENTIAL AMENDMENTS ACT 1993 No. 82, 1993 - SECT 57

57. Section 25 of the Principal Act is amended:
(a) by omitting from subsection (1) all the words after "the time the
contribution is" and substituting the following words and paragraphs:

"made, the employer has obtained a written statement, provided by or on behalf
of the trustee of the fund, that the fund:

   (a)  is a regulated superannuation fund within the meaning of the
        Superannuation Industry (Supervision) Act 1993; and

   (b)  is not subject to a direction under section 63 of that Act.";

   (b)  by omitting from paragraph (2)(b) "operating while in breach of a
        superannuation fund condition under the
        Occupational Superannuation Standards  Act 1987 " and substituting
        "not a regulated superannuation fund within the meaning of the
        Superannuation Industry (Supervision) Act 1993 or is operating while
        in breach of that Act or regulations under that Act";

   (c)  by adding at the end the following subsection:

"(3) Section 39 of the Superannuation Industry (Supervision) Act 1993 applies
for the purposes of subsection (2) of this section in a corresponding way to
the way in which it applies for the purposes of Division 2 of Part 5 of that
Act.".