Crimes Act 1914
For the purposes of this Act, a fund is a widely-held complying superannuation fund if:
(a) it has 5 or more members; and
(b) it satisfies the test in either subsection (2) or (3).
View history note
Hide history noteA fund satisfies the test in this subsection at a particular time during a year of income of the fund (within the meaning of the Income Tax Assessment Act 1936 ) if it is a complying superannuation fund for the purposes of Part IX of that Act in relation to the year of income.
4A(3) Non-resident funds.A fund satisfies the test in this subsection if:
(a) it is a superannuation fund (within the meaning of the Superannuation Industry (Supervision) Act 1993 ); and
(b) it is a non-resident superannuation fund (within the meaning of the Income Tax Assessment Act 1936 ); and
(c) it is established for the sole or principal purpose of providing retirement benefits for its members; and
(d) it complies with the applicable laws of a foreign country that regulate funds established for that purpose.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
