Document ID: chunk:federal_register_of_legislation:C2007A00009:clause:1_3:p5
Version: federal_register_of_legislation:C2007A00009
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 5/5)
Character Range: 108350–110820

applicable to particular *superannuation funds or to a class or classes of superannuation funds.

295‑270  Anticipated funding credits

 (1) Subsection (2) has effect if the *superannuation provider in relation to a *complying superannuation fund expects a notice to be given under subsection 342(2) of the Superannuation Industry (Supervision) Act 1993 or under regulations made for the purposes of subsection 342(7) of that Act to the effect that pre‑1 July 88 funding credits of a particular amount will be available to the fund for the income year.

 (2) Section 295‑265 applies to the fund as if pre‑1 July 88 funding credits of the anticipated amount were available to the fund for the income year (in addition to any other pre‑1 July 88 funding credits available to the fund for the year).

 (3) However, section 295‑265 applies to the fund for the income year as if pre‑1 July 88 funding credits of the anticipated amount were not available to the fund for the income year if:
 (a) it becomes clear that the expected notice will not be given or that the specified amount of pre‑1 July 88 funding credits will not be available; or
 (b) *APRA does not receive the things referred to in subsection 342(3) of the Superannuation Industry (Supervision) Act 1993 (for a notice expected under subsection 342(2) of that Act) or the things required to be given under regulations made for the purposes of subsection 342(7) of that Act (for a notice under those regulations) before the earlier of:
 (i) the end of 12 months after the fund's assessment is made for the income year; and
 (ii) the time the things are required to be given by the regulations.

Subdivision 295‑E—Other income amounts

Table of sections

Amounts included

295‑320 Other amounts included in assessable income
295‑325 Previously complying funds
295‑330 Previously foreign funds

Amounts excluded

295‑335 Amounts excluded from assessable income

Amounts included

295‑320  Other amounts included in assessable income

  The assessable income of an entity includes the amounts as set out in this table.

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

Amounts included in assessable income
Item                                   Assessable income of this entity:                                         Includes:                                                                                                                                              For the income year: