Income Tax (Former Non-resident Superannuation Funds) Act 1994
meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8
?xml version="1.0" encoding="utf-8" standalone="no"?>
View image in the official source
Income Tax (Former Non‑resident Superannuation Funds) Act 1994
Act No. 172 of 1994 as amended
This compilation was prepared on 5 October 2007 taking into account amendments up to Act No. 143 of 2007
The text of any of those amendments not in force on that date is appended in the Notes section
The operation of amendments that have been incorporated may be affected by application provisions that are set out in the Notes section
Prepared by the Office of Legislative Drafting and Publishing, Attorney‑General’s Department, Canberra
Contents
1 Short title [see Note 1]
2 Commencement [see Note 1]
3 Imposition of tax
Notes
An Act to impose income tax on the net previous income of resident superannuation funds that were previously non‑resident superannuation funds
1 Short title [see Note 1]
This Act may be cited as the Income Tax (Former Non‑resident Superannuation Funds) Act 1994.
2 Commencement [see Note 1]
This Act commences on the day on which it receives the Royal Assent.
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 of that Act.
Notes to the Income Tax (Former Non-resident Superannuation Funds) Act 1994
Note 1
The Income Tax (Former Non‑resident Superannuation Funds) Act 1994 as shown in this compilation comprises Act No. 172, 1994 amended as indicated in the Tables below.
For all relevant information pertaining to application, saving or transitional provisions see Table A.
Table of Acts
| Act | Number and year | Date of Assent | Date of commencement | Application, saving or transitional provisions |
|---|---|---|---|---|
| Income Tax (Former Non‑resident Superannuation Funds) Act 1994 | 172, 1994 | 16 Dec 1994 | 16 Dec 1994 | |
| Income Tax (Former Non‑resident Superannuation Funds) Amendment Act 2007 | 18, 2007 | 15 Mar 2007 | (a) | Sch. 1 (item 2) |
| Tax Laws Amendment (2007 Measures No. 4) Act 2007 | 143, 2007 | 24 Sept 2007 | Schedule 5 (items 17, 48(1)): Royal Assent | Sch. 5 (item 48(1)) |
(a) Section 2 of the Income Tax (Former Non‑resident Superannuation Funds) Amendment Act 2007 provides as follows:
2 This Act commences immediately after the commencement of Schedule 1 to the Tax Laws Amendment (Simplified Superannuation) Act 2007.
Schedule 1 commenced on 15 March 2007.
Table of Amendments
- ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted
- Provision affected How affected
- S. 3.................... rs. No. 18, 2007
- am. No. 143, 2007
Table A
Application, saving or transitional provisions
Income Tax (Former Non‑resident Superannuation Funds) Amendment Act 2007 (No. 18, 2007)
Schedule 1
2 Application
The amendment made by this Schedule applies to the 2007‑2008 income year and later years.
Tax Laws Amendment (2007 Measures No. 4) Act 2007 (No. 143, 2007)
Schedule 5
48 Application
(1) The amendments made by this Schedule apply to the 2007‑2008 income year and later years.