Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

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History

Part 3-30 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 income year and later years.

Division 295 - Taxation of superannuation entities  

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Div 295 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 financial year and later years.

Subdivision 295-B - Modifications of provisions of this Act  

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Subdiv 295-B inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 financial year and later years.

SECTION 295-105  

295-105   Distributions to PST unitholders  

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The assessable income of a *complying superannuation entity does not include amounts *derived by the entity because it holds units in a *pooled superannuation trust.

Note:

The entity will not be subject to any tax liability when it disposes of the units: see subsection 295-85(2) and section 118-350 .

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S 295-105 amended by No 64 of 2020, s 3 and Sch 3 items 98 and 99, by substituting " *complying superannuation entity " for " *complying superannuation fund, *complying approved deposit fund or *pooled superannuation trust " and substituting " The entity will not be subject to any tax liability when it disposes " for " These entities will not be subject to any tax liability when they dispose " in the note, effective 1 July 2020.

S 295-105 inserted by No 9 of 2007 , s 3 and Sch 1 item 1, applicable to the 2007-2008 financial year and later years.

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