Draft Government Co-contribution for Low Income Earners Regulations

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Abstract:

This is a first instalment of draft regulations that give effect to the Government’s superannuation Co-contribution for low income earners measure.

This first instalment contains proposed amendments to the Corporations Regulations 2001, Superannuation Industry Supervision Regulations 1994, and Retirement Savings Account Regulations 1997, as well as new proposed regulations Superannuation Government Co-contribution for Low Income Earners Regulations 2004.

A second instalment of draft regulations is currently being developed.

Explanatory material for these regulations is also included.

Comments on the draft regulations are invited from all interested parties. Written submissions will be accepted up until 20 January 2004 and should be forwarded to superannuation@treasury.gov.au. For more information, please contact Alan Mallory on (02) 6263 3309 or Anna Schneider-Rumble on (02) 6263 3817.

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