Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)

Schedule 1   Consequential amendments etc.

Part 2   Other consequential amendments etc.

Income Tax Assessment Act 1936

42   Subparagraphs 23AF(17)(aa)(i) and (ii)

Repeal the subparagraphs, substitute:

(i) is included in assessable income under Division 82, section 83-295 or Division 301, 302, 304 or 305 of the Income Tax Assessment Act 1997; or

(ii) is included in assessable income under Division 82 of the Income Tax (Transitional Provisions) Act 1997; or

(iii) is mentioned in paragraph 82-135(e), (f), (g), (i) or (j) of the Income Tax Assessment Act 1997; or

(iv) is an amount transferred to a fund, if the amount is included in the assessable income of the fund under section 295-200 of the Income Tax Assessment Act 1997; or