Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 295-325 295-325 Previously complying funds
The amount of *ordinary income and *statutory income from previous years included in the assessable income of a fund in an income year under item 2 of the table in section 295-320 is:
| Sum of the * market values of the fund ' s assets just before the start of the income year | − | Sum of the part of the * crystallised undeducted contributions that relates to the period after 30 June 1983 and the * contributions segment for current members at that time so far as they have not been, and cannot be, deducted |
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