Document ID: chunk:federal_register_of_legislation:C2007C00605:section:3
Version: federal_register_of_legislation:C2007C00605
Segment Type: section
Provision Reference: s 3
Character Range: 1014–3335

3  Imposition of tax

  Income tax is imposed on the taxable income of an Australian superannuation fund within the meaning of the Income Tax Assessment Act 1997, to the extent that the taxable income is attributable to the inclusion of an amount in the fund's assessable income under table item 3 in section 295‑320 of that Act.
Notes to the Income Tax (Former Non-resident Superannuation Funds) Act 1994

Note 1

The Income Tax (Former Non‑resident Superannuation Funds) Act 1994 as shown in this compilation comprises Act No. 172, 1994 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts
Act                                                                       Number     Date          Date of commencement                        Application, saving or transitional provisions
                                                                          and year   of Assent
Income Tax (Former Non‑resident Superannuation Funds) Act 1994            172, 1994  16 Dec 1994   16 Dec 1994
Income Tax (Former Non‑resident Superannuation Funds) Amendment Act 2007  18, 2007   15 Mar 2007   (a)                                         Sch. 1 (item 2)
Tax Laws Amendment (2007 Measures No. 4) Act 2007                         143, 2007  24 Sept 2007  Schedule 5 (items 17, 48(1)): Royal Assent  Sch. 5 (item 48(1))

(a) Section 2 of the Income Tax (Former Non‑resident Superannuation Funds) Amendment Act 2007 provides as follows:
 2 This Act commences immediately after the commencement of Schedule 1 to the Tax Laws Amendment (Simplified Superannuation) Act 2007.
 Schedule 1 commenced on 15 March 2007.

Table of Amendments
ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected                                                                                How affected
S. 3....................                                                                          rs. No. 18, 2007
                                                                                                  am. No. 143, 2007

Table A

Application, saving or transitional provisions

Income Tax (Former Non‑resident Superannuation Funds) Amendment Act 2007 (No. 18, 2007)