Income Tax (Former Complying Superannuation Funds) Act 1994 (Cth)

Income Tax (Former Complying Superannuation Funds) Act 1994

Act No. 171 of 1994 as amended

This compilation was prepared on 22 March 2007 taking into account amendments up to Act No. 17 of 2007

The text of any of those amendments not in force on that date is appended in the Notes section

The operation of amendments that have been incorporated may be affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing, Attorney‑General's Department, Canberra

Contents 1 Short title [see Note 1] 2 Commencement [see Note 1] 3 Imposition of tax

Notes An Act to impose income tax on the net previous income of non-complying superannuation funds that were formerly complying superannuation funds

1 Short title [see Note 1]

This Act may be cited as the Income Tax (Former Complying Superannuation Funds) Act 1994.

2 Commencement [see Note 1]

This Act commences on the day on which it receives the Royal Assent.

3 Imposition of tax

Income tax is imposed on the taxable income of a non-complying superannuation fund within the meaning of the Income Tax Assessment Act 1997, to the extent that the taxable income is attributable to the inclusion of an amount in the fund's assessable income under table item 2 in section 295‑320 of that Act. Notes to the Income Tax (Former Complying Superannuation Funds) Act 1994

Note 1

The Income Tax (Former Complying Superannuation Funds) Act 1994 as shown in this compilation comprises Act No. 171, 1994 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts Act Number Date Date of commencement Application, saving or transitional provisions and year of Assent Income Tax (Former Complying Superannuation Funds) Act 1994 171, 1994 16 Dec 1994 16 Dec 1994 Income Tax (Former Complying Superannuation Funds) Amendment Act 2007 17, 2007 15 Mar 2007 (a) Sch. 1 (item 3)