Income Tax Assessment Regulations 1997 (Repealed)

PART 6 - THE DICTIONARY  

Division 995 - Definitions  

REGULATION 995-1.04  

995-1.04   CONSTITUTIONALLY PROTECTED FUNDS  
For the definition of constitutionally protected fund in subsection 995-1(1) of the Act, a fund:

(a) of the kind to which, in the absence of item 5.3 of section 50-25 of the Act, Division 295 of the Act would apply; and

(b) established by:

(i) a State Act mentioned in Schedule 4; or

(ii) a specified provision of a State Act mentioned in Schedule 4 ;

is a constitutionally protected fund.