Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1992 No. 208 of 1992 - SECT 87

87. Section 24 of the Principal Act is amended:
(a) by omitting from paragraph (1)(a) all the words from and including "day
on which" to and including " commences" and substituting " starting day in
relation to that certificate";
(b) by omitting from paragraph (2)(b) all the words from and including "day
on which" to and including " commences" and substituting " starting day in
relation to that certificate";

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

"(5) In this section:
'starting day' means:

   (a)  in relation to a benefit certificate that has effect in relation to a
        superannuation scheme for the whole of a contribution period:

        (i)    the day on which the contribution period commenced; or

        (ii)   if the contribution period commenced on 1 July 1992-the day on
               which the Taxation Laws Amendment (Superannuation) Act 1992
               received the Royal Assent; and

   (b)  in relation to a benefit certificate that has effect in relation to a
        superannuation scheme for a part of a contribution period:

        (i)    the day on which the part of the contribution period commenced;
               or

        (ii)   if the contribution period commenced on 1 July 1992-the day on
               which the part of the contribution period commenced or the day
               on which the Taxation Laws Amendment (Superannuation) Act 1992
               received the Royal Assent, whichever is the later.".