(1) An amount included by Subdivision 295-C in the assessable income of a * complying superannuation fund, a * non-complying superannuation fund or an * RSA provider for an income year is no-TFN contributions income for the year if:
(a) it is included by that Subdivision in the assessable income of the income year of the fund or RSA provider in which 1 July 2007 occurs, or a later income year; and
(b) it is a contribution made to the fund or * RSA on or after 1 July 2007 to provide * superannuation benefits for an individual; and
(c) by the end of the income year, the individual has not * quoted (for superannuation purposes) his or her * tax file number to the * superannuation provider.
(2) However, an amount is not no-TFN contributions income if:
(a) the contribution was made in relation to a * superannuation interest or an * RSA of the individual that existed prior to 1 July 2007; and
(b) the total contributions made in relation to the superannuation interest or RSA for the income year that are included in assessable income under Subdivision 295-C did not exceed $1,000.