s. 32 contributions under the Superannuation Guarantee (Administration) Act 1992 of the Commonwealth. (6) The Superannuation Industry (Supervision) Act 1993 of the Commonwealth (including the regulations under that Act) apply in respect of contributions made under this Part. (7) In this section, means the S. 31(7) prescribed percentage amended by percentage required under the Superannuation No. 37/2013 Guarantee (Administration) Act 1992 of the s. 10(2). Commonwealth to ensure compliance with the minimum level of contributions required to be made by employers to avoid incurring a liability for a superannuation guarantee charge under that Act plus an additional 6%. Division 3—Choice of funds 32 Meaning of fund—includes schemes and accounts S. 32 inserted by In this Division, includes a scheme or fund No. 78/2004 account. s. 7. S. 33 33 When may a person choose a fund? inserted by No. 78/2004 A member may choose a fund as described in s. 7. section 34 if, and only if, the choice is made during a new arrangements contribution period of the member. S. 34 34 The nature of the choice inserted by No. 78/2004 (1) A member may choose a fund to be the fund to s. 7. which contributions are made under this Part in respect of the member. (2) At the time the choice is made, the chosen fund must be— (a) a complying superannuation fund; or (b) an RSA. Note
contributions under the Superannuation Guarantee (Administration) Act 1992 of the Commonwealth. (6) The Superannuation Industry (Supervision) Act 1993 of the Commonwealth (including the regulations under that Act) apply in respect of contributions made under this Part. S. 31(7) amended by No. 37/2013 s. 10(2). (7) In this section, prescribed percentage means the percentage required under the Superannuation Guarantee (Administration) Act 1992 of the Commonwealth to ensure compliance with the minimum level of contributions required to be made by employers to avoid incurring a liability for a superannuation guarantee charge under that Act plus an additional 6%. Division 3—Choice of funds S. 32 inserted by No. 78/2004 s. 7. 32 Meaning of fund—includes schemes and accounts s. 32 In this Division, fund includes a scheme or account. S. 33 inserted by No. 78/2004 s. 7. 33 When may a person choose a fund? A member may choose a fund as described in section 34 if, and only if, the choice is made during a new arrangements contribution period of the member. S. 34 inserted by No. 78/2004 s. 7. 34 The nature of the choice (1) A member may choose a fund to be the fund to which contributions are made under this Part in respect of the member. (2) At the time the choice is made, the chosen fund must be— (a) a complying superannuation fund; or (b) an RSA. Note
68-7723a113.docx