Commonwealth Numbered Regulations

INCOME TAX ASSESSMENT (1997 ACT) REGULATIONS 2021 (F2021L00206) - REG 290.155.05

                   For the purposes of paragraph 290-155(1)(b) of the Act, a contribution to a superannuation fund is a prescribed kind of contribution to a prescribed kind of superannuation fund if:

                     (a)  the contribution is a contribution made to a defined benefit interest; and

                     (b)  the superannuation fund is a fund in relation to which the trustee of the fund has elected that this section apply and 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.