Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1992 No. 208 of 1992 - SECT 69

69.(1) In spite of the amendments made, and the repeal effected, by this
Division, the Principal Act continues to apply, subject to the changes set out
in subsection (2) of this section, as if those amendments had not been made
and that repeal had not been effected.

(2) The changes are as follows:

   (a)  paragraphs 15G(1)(a), 15H(2)(a) and 15P(1)(a) of the Principal Act do
        not apply to an eligible termination payment made on or after 1 July
        1994;

   (b)  paragraphs 15G(1)(b), 15H(2)(c) and 15P(1)(b) of the Principal Act do
        not apply to an annuity where the payer commenced to make payments on
        or after 1 July 1994;

   (c)  paragraphs 15G(1)(a), 15H(2)(b) and 15P(1)(a) of the Principal Act do
        not apply to payments of a superannuation pension where the payer
        commenced to make payments on or after 1 July 1994;

   (d)  subsection 15J(1) of the Principal Act does not apply to an eligible
        termination payment made on or after 1 July 1994;

   (e)  subsection 15J(2) of the Principal Act does not apply to an
        entitlement to an eligible termination payment that arises on or after
        1 July 1994.

(3) For the purposes of subsection (2), the payer of a superannuation pension
or an annuity is taken to have commenced to make payments of the pension or
annuity on the first day of the period to which the first payment of the
pension or annuity relates.