Document ID: chunk:federal_register_of_legislation:C2010C00635:clause:2_281a
Version: federal_register_of_legislation:C2010C00635
Segment Type: clause
Provision Reference: sch 2 cl 281A
Character Range: 11681–12398

281A  Liability to taxation where fund was previously a constitutionally protected fund

  The assessable income of a complying superannuation fund of a year of income that ceased to be a constitutionally protected fund at a time during the year of income or at the end of the previous year of income includes the sum of the specified roll‑over amounts that would be included in that assessable income if all accumulated member benefits:
 (a) were paid out of the fund immediately before it ceased to be a constitutionally protected fund; and
 (b) were rolled‑over back to the fund (within the meaning of Subdivision AA of Division 2 of Part III) immediately after it ceased to be a constitutionally protected fund.