Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 7 - TRANSITIONAL MATTERS  

PART 1000-3 - TRANSITIONAL MATTERS RELATING TO THE TREASURY LAWS AMENDMENT (2022 MEASURES NO. 4) ACT 2023  

SECTION 1000-3.03   MODIFIED CONTINUING APPLICATION OF OLD REGULATIONS  

1000-3.03(1)    
This section applies for the purposes of the continuing application of the old regulations, as mentioned in subsection 1000-1.02(2) , in relation to an income year starting on or after 1 July 2007.

1000-3.03(2)    
For those purposes, in determining whether an income stream is a superannuation income stream:

(a)    if the income stream would be (apart from this subsection) a superannuation income stream under that continuing application, but would not be a superannuation income stream under section 307-70.02 because of the amendments made by Schedule 9 to the Treasury Laws Amendment (2022 Measures No. 4) Act 2023 - treat the income stream as not being a superannuation income stream; and

(b)    if the income stream would not be a superannuation income stream under that continuing application (apart from this subsection), but would be a superannuation income stream under section 307-70.02 because of those amendments - treat the income stream as being a superannuation income stream.