Superannuation Industry (Supervision) Amendment Regulations 1999 (No. 6) (356 of 1999)
Schedule 1 Amendment
[1] After regulation 1.04
insert
1.04AA Self managed superannuation funds - persons not taken to be employees
(Act s 17A (8))
(1) For the purposes of paragraph 17A (8) (b) of the Act, a class of persons is a specified class if it comprises persons each of whom is, in relation to a member of a superannuation fund, an exempt person.
(2) A person is an exempt person in relation to a member of a superannuation fund if:
(a) the person is an employer-sponsor of the fund; and
(b) the member is a director of the employer-sponsor.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
