Document ID: chunk:federal_register_of_legislation:C2011A00147:clause:8_40
Version: federal_register_of_legislation:C2011A00147
Segment Type: clause
Provision Reference: sch 8 cl 40
Character Range: 44424–45015

40  Transitional provision—agreement to comply with public ancillary fund guidelines
(1) For the purposes of Subdivision 426‑D in Schedule 1 to the Taxation Administration Act 1953, each of the trustees of the trust is taken to have agreed, at the commencement time and in accordance with paragraph 426‑102(1)(b) in that Schedule, to comply with the rules in the public ancillary fund guidelines, as in force from time to time.
(2) To avoid doubt, subitem (1) does not prevent a trustee from revoking that agreement at a later time as mentioned in paragraph 426‑102(1)(c) in that Schedule.