Document ID: chunk:federal_register_of_legislation:C2007A00009:clause:1_3:p4
Version: federal_register_of_legislation:C2007A00009
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 4/4)
Character Range: 121519–122319

item 1 of the table in section 295‑320.

Alternative exemption

 (3) However, the trustee of the *pooled superannuation trust can choose that a different amount be *exempt income of the trust under this section if a percentage of the assessable income of the trust would have been exempt income under section 295‑385 or 295‑390 if it had been *derived instead by the unitholders in the trust in proportion to their holdings.

 (4) That percentage of the trust's *ordinary income and *statutory income is then *exempt income.

295‑405  Other exempt income

  The *ordinary income or *statutory income of an entity is exempt from income tax as set out in this table.

Note: For an explanation of the acronyms used, see section 295‑35.

*Exempt income
Item            For this entity:  This is exempt: