Treasury Laws Amendment (Miscellaneous and Technical Amendments) Regulations 2021 (F2021L00848)

Schedule 1   Amendments

Part 2   Other amendments

Division 3   Refund of excess low balance fees

Income Tax Assessment (1997 Act) Regulations 2021

18   Subsection 291-25.01(3)

Repeal the subsection (not including the heading), substitute:

(3) If the amount is allocated from a reserve and the amount does not meet the conditions in subsection (2), the conditions are that:

(a) neither subsection (4) nor (5) applies to the amount; and

(b) the amount is not an amount mentioned in subsection 99G(6) of the Superannuation Industry (Supervision) Act 1993 that is refunded in accordance with that subsection.