Superannuation Legislation Amendment Act (No. 3) 1999 (121 of 1999)

Schedule 1   Amendment of the Superannuation Industry (Supervision) Act 1993 relating to self managed superannuation funds

Part 3   Transitional and saving provisions

135   Special rule in relation to 1999-2000 year of income

(1) If a superannuation fund was both:

(a) a self managed superannuation fund at any time during the 1999-2000 year of income; and

(b) a superannuation fund other than a self managed superannuation fund at another time during the 1999-2000 year of income;

the trustee of the fund is not required to submit an annual return for that year of income under both sections 36 and 36A of the Superannuation Industry (Supervision) Act 1993.

(2) The trustee of the fund must submit an annual return under section 36 of that Act for the 1999-2000 year of income if:

(a) where the superannuation fund ceased to exist during the year of income - the fund was not a self managed superannuation fund on the day on which it ceased to exist; or

(b) otherwise - the fund was not a self managed superannuation fund on the last day of the year of income.

(3) The superannuation fund must submit an annual return under section 36A of that Act for the 1999-2000 year of income if:

(a) where the fund ceased to exist during the year of income - the fund was a self managed superannuation fund on the day on which it ceased to exist; or

(b) otherwise - the fund was a self managed superannuation fund on the last day of the year of income.