Superannuation Contributions Tax (Assessment and Collection) Act 1997
42Regulations
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42 Regulations
(1) The Governor‑General may make regulations prescribing matters: (a) required or permitted by this Act to be prescribed; or (b) necessary or convenient to be prescribed for carrying out or giving effect to this Act; and, in particular, prescribing: (c) how statements are to be given to the Commissioner; and (d) penalties, not exceeding a fine of 5 penalty units, for offences against the regulations. (2) The regulations may modify Superannuation Contributions Ruling SCR 97/1 by doing any one or more of the following: (a) inserting a provision in the ruling; (b) omitting a provision from the ruling; (c) altering a provision in the ruling.