Document ID: chunk:federal_register_of_legislation:C2004A01306:clause:1_519b:p2
Version: federal_register_of_legislation:C2004A01306
Segment Type: clause
Provision Reference: sch 1 cl 519B (pt 2/2)
Character Range: 4941–5903

of an interposed fixed trust within the meaning of this subsection or subsection (3); and
 (c) the market value at the end of the year of income of the fixed entitlements to which paragraph (a) applies is not more than 5% of the market value at that time of all of the fixed entitlements to income and capital of the trust;
the operative provision does not apply to the taxpayer in relation to a FIF in respect of the notional accounting period of the FIF that ends in the year of income.

 (5) In determining for the purposes of subparagraph (4)(a)(ii) whether an entity was a complying superannuation entity in relation to the year of income in which it acquired the fixed entitlements mentioned in that subparagraph, disregard any notice issued after the end of that year of income under section 40 of the Superannuation Industry (Supervision) Act 1993 to the effect that the entity was not a complying superannuation entity in relation to the year of income.