Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to a * complying superannuation fund for an income year if the fund ceased to be a * constitutionally protected fund during the year or at the end of the previous year.
(2) The assessable income of the fund for the income year includes the sum of the * roll - over superannuation benefits to the extent that they consist of the * element untaxed in the fund of the * taxable component that would be included in that assessable income if all contributions and earnings accumulated in the fund when the fund ceased to be a * constitutionally protected fund:
(a) had been paid out of the fund immediately before it ceased to be a constitutionally protected fund; and
(b) were paid to the fund as roll - over superannuation benefits immediately after that time.
Table of sections
295 - 260 Transfer of liability to investment vehicle
295 - 265 Application of pre - 1 July 88 funding credits
295 - 270 Anticipated funding credits