Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 301.5

Extended application to certain foreign superannuation funds

             (1)  A foreign superannuation fund is covered by this section if:

                     (a)  the fund has been a complying superannuation fund; and

                     (b)  the fund last stopped being a complying superannuation fund after 1 July 1988 and before 1 July 1995.

             (2)  Division 301 of the Income Tax Assessment Act 1997 applies to payments to you from a foreign superannuation fund covered by this section because you are a member of the fund in the same way as it would apply if the payments were superannuation member benefits paid to you from a complying superannuation fund.



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