Commonwealth Numbered Regulations

INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 (F2021L00206) - REG 290.155.01

                   A superannuation fund is of a kind prescribed for the purposes of subparagraph 290-155(1)(a)(iii) of the Act if:

                     (a)  the fund has one or more members that have a superannuation interest in the fund that is a defined benefit interest; and

                     (b)  the trustee of the fund elects to have this section apply to the fund; and

                     (c)  the election:

                              (i)  is made before the start of the income year of the fund in which the contribution is made; and

                             (ii)  is not revoked before the start of that year; and

                            (iii)  is made by notifying the Commissioner in the approved form.

Note:          For approved form , see subsection 995-1(1) of the Act.