290‑155.01 Complying superannuation fund290‑155.01 Complying superannuation fund condition—prescribed superannuation funds

290‑155.01 Complying superannuation fund condition—prescribed superannuation funds

A superannuation fund is of a kind prescribed for the purposes of subparagraph 290‑155(1)(a)(iii) of the Act if: (a) the fund has one or more members that have a superannuation interest in the fund that is a defined benefit interest; and (b) the trustee of the fund elects to have this section apply to the fund; and (c) the election: (i) is made before the start of the income year of the fund in which the contribution is made; and (ii) is not revoked before the start of that year; and (iii) is made by notifying the Commissioner in the approved form.

Note: For approved form, see subsection 995‑1(1) of the Act.