9.3 PPLSC recordkeeping, compliance & enforcement
Introduction
This chapter describes PPLSC specific provisions for record keeping, compliance and enforcement.
As the Commissioner of Taxation (Commissioner) (1.1.C.125) has general administration of parts of the PPLAct related to the PPLSC (that is, PPLAct Chapter 3A), provisions to do with recordkeeping, compliance and enforcement for PPLSC are separate to those of the rest of PPL.
Superannuation providers (1.1.S.98) are required to keep and retain records of the transactions and acts engaged in for PPLSC.
Infringement notices can be given to superannuation providers for failing to give statements relating to returned PPLSCs or underpaid amounts (1.1.U.05).
Act reference: PPLAct Chapter 3A Part 4—Administration