Document ID: chunk:federal_register_of_legislation:C2010C00406:clause:2_29
Version: federal_register_of_legislation:C2010C00406
Segment Type: clause
Provision Reference: sch 2 cl 29
Character Range: 30655–31240

29  Transitional—agreement to comply with private ancillary fund guidelines

(1) For the purposes of Subdivision 426‑D in Schedule 1 to the Taxation Administration Act 1953, each of the trustees of the trust is taken to have agreed, at the commencement time and in accordance with paragraph 426‑105(1)(b) in that Schedule, to comply with the rules in the private ancillary fund guidelines, as in force from time to time.

(2) To avoid doubt, subitem (1) does not prevent a trustee from revoking that agreement at a later time as mentioned in paragraph 426‑105(1)(c) in that Schedule.