Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 295-210 Former constitutionally protected funds 295-210(1)
This section applies to a *complying superannuation fund for an income year if the fund ceased to be a *constitutionally protected fund during the year or at the end of the previous year.
295-210(2)
The assessable income of the fund for the income year includes the sum of the *roll-over superannuation benefits to the extent that they consist of the *element untaxed in the fund of the *taxable component that would be included in that assessable income if all contributions and earnings accumulated in the fund when the fund ceased to be a *constitutionally protected fund:
(a) had been paid out of the fund immediately before it ceased to be a constitutionally protected fund; and
(b) were paid to the fund as roll-over superannuation benefits immediately after that time.
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