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Corporations Amendment Regulations 2007 (No. 1)

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Corporations Amendment Regulations 2007 (No. 1)1
Select Legislative Instrument 2007 No. 102
I, PHILIP MICHAEL JEFFERY, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Corporations Act 2001.
Dated 26 April 2007
P. M. JEFFERY
Governor‑General
By His Excellency’s Command
PETER CRAIG DUTTON
Minister for Revenue and Assistant Treasurer
1              Name of Regulations
                These Regulations are the Corporations Amendment Regulations 2007 (No. 1).
2              Commencement
                These Regulations commence on 1 July 2007.
3              Amendment of Corporations Regulations 2001
                Schedule 1 amends the Corporations Regulations 2001.
Schedule 1        Amendments
(regulation 3)
  
[1]           Subregulation 1.0.02 (1), definition of eligible termination payment
omit
[2]           Subregulation 1.0.02 (1), definition of superannuation scheme
substitute
superannuation lump sum has the meaning given by subsection 995‑1 (1) of the Income Tax Assessment Act 1997.
superannuation scheme means a complying superannuation fund within the meaning of subsection 995‑1 (1) of the Income Tax Assessment Act 1997.
[3]           Subregulation 1.0.02 (1), definition of superannuation‑sourced money, subparagraph (a) (i)
omit
an eligible termination payment
insert
a superannuation lump sum
[4]           Subregulation 1.0.02 (1), definition of superannuation‑sourced money, subparagraph (a) (ii)
omit
paid in that way
insert
paid as an eligible termination payment (within the meaning of these Regulations as in force immediately before 1 July 2007) or as a superannuation lump sum
[5]           Subregulation 7.9.01 (1), definition of superannuation provider
substitute
superannuation provider means any of the following:
                (a)    the trustee of a complying superannuation fund, within the meaning of subsection 995‑1 (1) of the Income Tax Assessment Act 1997;
               (b)    the provider of an RSA, within the meaning of section 12 of the Retirement Savings Accounts Act 1997;
                (c)    the trustee of a constitutionally protected fund, within the meaning of subsection 995‑1 (1) of the Income Tax Assessment Act 1997.
Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.