Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)

Schedule 3   AMENDMENTS RELATING TO SUPERANNUATION

Part 2   INCOME TAX ASSESSMENT ACT 1936

Division 13   To make certain amendments to Subdivision AA of Division 2 of Part III in consequence of the amendments made by Divisions 11 and 12

81   Objects

The objects of this Division are:

(a) to exclude eligible resident non-complying superannuation funds and eligible non-resident non-complying superannuation funds from the operation of Subdivision AA of Division 2 of Part III; and

(b) to ensure that payments from a non-resident superannuation fund that is not an eligible non-resident non-complying superannuation fund are treated as eligible termination payments made from an untaxed source.