27Meaning of complying superannuation fund

27 Meaning of complying superannuation fund

(1) For the purposes of this Part, a fund or scheme is a complying superannuation fund at a particular time if, and only if—

(a) the fund or scheme is a complying superannuation fund for the purposes of Part IX of the Income Tax Assessment Act 1936 of the Commonwealth in relation to the year of income in which the time occurs; and

(b) the fund or scheme is a superannuation fund as defined by section 6(1) of the Income Tax Assessment Act 1936 of the Commonwealth.

(2) In applying subsection (1)(a) in relation to a fund or scheme and a particular time, the following are to be disregarded—

(a) any notice that is given after that time under section 40 of the Superannuation Industry (Supervision) Act 1993 of the Commonwealth and that relates to the fund or scheme and the year of income in which the time occurs;

(b) any revocation or setting aside, after that time, of a notice given before that time under section 40 of the Superannuation Industry (Supervision) Act 1993 of the Commonwealth and that relates to the fund or scheme and the year of income in which the time occurs or an earlier year of income.

S. 28 inserted by No. 78/2004 s. 7.