Commonwealth Consolidated Acts

SUPERANNUATION (GOVERNMENT CO-CONTRIBUTION FOR LOW INCOME EARNERS) ACT 2003

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Act binds Crown  
   4.      Geographical application of Act  
   5.      Overview of the Act  

   PART 2--GOVERNMENT--CO-CONTRIBUTION IN RESPECT OF LOW INCOME EARNERS

           Division 1--Government co-contribution

   6.      Person in respect of whom Government co - contribution payable  
   7.      Contributions that attract matching Government co - contributions  
   8.      Total income for income year  

           Division 2--Amount of the Government co-contribution

   9.      Basic rule--Government co - contribution matches personal contributions  
   10.     Taper based on total income for the income year  
   10A.    Increases in lower and higher income threshold  
   11.     Minimum Government co - contribution  
   12.     Government co - contribution increased by interest amount if paid late in certain circumstances  
   12A.    Amount of the Government co - contribution for 2005 - 06 income year  

   PART 2A--LOW--INCOME SUPERANNUATION TAX OFFSET

   12B.    Reference to Government co - contribution includes reference to low income superannuation tax offset  
   12C.    Person entitled to low income superannuation tax offset  
   12E.    Amount of low income superannuation tax offset  
   12F.    Consequences if estimates no longer accurate  
   12G.    Reports on this Part  

   PART 3--DETERMINATION--THAT GOVERNMENT CO-CONTRIBUTION PAYABLE

   13.     Commissioner's determination  
   14.     Matters Commissioner has regard to in making determination  

   PART 4--PAYMENT--OF THE GOVERNMENT CO-CONTRIBUTION

   15.     Commissioner to determine where the Government co - contribution payment is to be directed  
   16.     Superannuation provider to return Government co - contribution that cannot be credited to account  
   17.     Payment of Government co - contribution  
   18.     Commissioner to give information if co - contribution paid  

   PART 5--UNDERPAYMENTS--AND OVERPAYMENTS

           Division 1--Underpayments

   19.     Underpayment determinations  
   20.     Superannuation provider to return underpaid amount that cannot be credited to account  
   21.     Government co - contribution increased by interest amount if underpaid amount paid late in certain circumstances  
   22.     Government co - contribution increased by interest amount if underpaid amount due to administrative error  
   23.     Small underpayments  

           Division 2--Recovery of overpayments

   24.     Recovery of overpayment of Government co - contribution in respect of a person  

   PART 5A--GENERAL--INTEREST CHARGE

   25.     When general interest charge payable  

   PART 6--ENFORCEMENT

           Division 1--Record keeping obligations

   32.     Records to be kept and retained by superannuation provider  

           Division 2--Infringement notices

   33.     When an infringement notice can be served  
   34.     Matters to be included in an infringement notice  
   35.     Withdrawal of infringement notice  
   36.     What happens if penalty is paid  
   37.     More than one infringement notice may not be served for the same offence  
   38.     Infringement notice not required to be served  
   39.     Commissioner may extend period for payment of penalty  

   PART 7--ADMINISTRATION

           Division 1--General administration

   46.     Commissioner to have general administration of the Act  
   47.     Decisions to be in writing  
   48.     Commissioner may arrange for use of computer programs to make decisions  

           Division 2--Review of decisions

   49.     Review of decisions  
   50.     Authorised review officers  
   51.     Withdrawal of review applications  

           Division 3--Other administrative matters

   52.     Tax file numbers  
   54.     Reports  

   PART 8--MISCELLANEOUS

   55.     Regulations  

   PART 9--DICTIONARY

   56.     Dictionary