Commonwealth Numbered Regulations

SUPERANNUATION INDUSTRY (SUPERVISION) AMENDMENT REGULATIONS 2007 (NO. 1) (SLI NO 74 OF 2007) - SCHEDULE 2

(regulation 4)

[1]           Subregulation 6.41 (3)

substitute

         (3)   Subject to subregulation (4), an untaxed splittable contribution :

                (a)     is a contribution made by a fund member or by another person to a regulated superannuation fund; but

               (b)    does not include a contribution of that kind that:

                          (i)    is made after 5 April 2007; and

                         (ii)    will not be included in the assessable income of an entity as:

                                   (A)     a taxable contribution for section 274 of the Tax Act; or

                                   (B)     a contribution under Subdivision 295‑C of the 1997 Tax Act.