Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 295 - Taxation of superannuation entities  

Subdivision 295-E - Other income amounts  

Amounts included

SECTION 295-325  

295-325   Previously complying funds  
The amount of *ordinary income and *statutory income from previous years included in the assessable income of a fund in an income year under item 2 of the table in section 295-320 is:

Sum of the * market values of the fund ' s assets just before the start of the income year

−

Sum of the part of the * crystallised undeducted contributions that relates to the period after 30 June 1983 and the * contributions segment for current members at that time so far as they have not been, and cannot be, deducted