Commonwealth Numbered Regulations

1991 No. 155 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 3

3.1 After regulation 25, insert: Late lodgment fees

"25A. (1) If a return for a year of income beginning before 1 July 1990 is
lodged after 31 December 1991, the trustee lodging the return is liable to pay
a late lodgment fee.

"(2) The late lodgment fee is the lesser of $200 and:

   (a)  if the return is in relation to a year of income commencing on 1 July
        1986 or 1 July 1987-$5 for each month or part of a month between 1
        July 1989 and the day on which it is lodged; and

   (b)  in any other case-$5 for each month or part of a month between 1 July
        in the financial year beginning immediately after the return was due
        and the day on which it is lodged.

"(3) A late lodgment fee is payable when the return is lodged.

"(4) In this regulation "return" means a return referred to in subparagraph 12
(1) (b) (ii), 14 (1) (b) (ii) or 15B (1) (b) (ii) of the Act as in force
immediately before the commencement of the Occupational Superannuation Laws 
Amendment Act 1991 ."