Document ID: chunk:federal_register_of_legislation:C2016C00475:clause:1_221
Version: federal_register_of_legislation:C2016C00475
Segment Type: clause
Provision Reference: sch 1 cl 221
Character Range: 68704–69179

221  Paragraphs 305‑5(a) and (b)
Repeal the paragraphs, substitute:
 (a) the fund:
 (i) has never been a *complying superannuation fund; or
 (ii) last stopped being a complying superannuation fund for the income year in which 1 July 1995 occurred or a later income year; and
 (b) the fund:
 (i) has never been a *foreign superannuation fund; or
 (ii) last stopped being a foreign superannuation fund for the income year in which 1 July 1995 occurred or a later income year.