Tax Laws Amendment (2011 Measures No. 2) Act 2011 (41 of 2011)

Schedule 5  

Part 2   Approved worker entitlement funds

Income Tax Assessment Act 1997

9   Paragraph 126-130(2)(b)

Repeal the paragraph, substitute:

(b) the amendment or replacement is done for the purpose of having:

(i) the fund endorsed as an approved worker entitlement fund under subsection 58PB(3) of the Fringe Benefits Tax Assessment Act 1986; or

(ii) the entity that operates the fund endorsed for the operation of the fund as an approved worker entitlement fund under subsection 58PB(3A) of that Act.