Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1992 No. 208 of 1992 - SECT 72

72. Section 3 of the Principal Act is amended:

   (a)  by inserting after subparagraph (b)(iii) of the definition of

"superannuation fund" in subsection (1) the following subparagraph:

"(iv) the provision of pensions for each transferred retiree member of the
fund;";

   (b)  by inserting in subsection (1) the following definition:

"'transferred retiree member', in relation to a fund, means a member of the
fund where:

   (a)  the member has retired from the business, trade, profession, vocation,
        calling, occupation or employment in which the member had been engaged
        (whether the member's retirement occurred before, or occurred after,
        the member joined the fund); and

   (b)  at or after the member's retirement, an amount was paid to the
        trustees of the fund in respect of the member by:

        (i)    the trustees of another fund, being a superannuation fund or an
               approved deposit fund; or

        (ii)   a life assurance company; or

        (iii)  a registered organisation;".