Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Income Tax (Former Non-resident Superannuation Funds) Amendment Bill 2007

Schedule 1 Amendment of the Income Tax (Former Non-resident Superannuation Funds) Act 1994

   

Income Tax (Former Non-resident Superannuation Funds) Act 1994

1  Section 3

Repeal the section, substitute:

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.

2  Application

The amendment made by this Schedule applies to the 2007-2008 income year and later years.