Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)

Schedule 1   Consequential amendments etc.

Part 2   Other consequential amendments etc.

Income Tax (Transitional Provisions) Act 1997

268   Before section 302-195

Insert:

302-5 Extended application to certain foreign superannuation funds

(1) A foreign superannuation fund is covered by this section if:

(a) the fund has been a complying superannuation fund; and

(b) the fund last stopped being a complying superannuation fund after 1 July 1988 and before 1 July 1995.

(2) Division 302 of the Income Tax Assessment Act 1997 applies to payments to you from a foreign superannuation fund covered by this section after another person's death, because the other person was a member of that fund, in the same way as it would apply if the payments were superannuation death benefits paid to you from a complying superannuation fund.