S 273A repealed by No 15 of 2007, s 3 and Sch 1 item 8, applicable to the 2007-08 income year and later years. S 273A formerly read:
SECTION 273A SEGREGATED CURRENT PENSION ASSETS
273A(1)
[When assets are segregated current pension assets]
Assets of a complying superannuation fund are segregated current pension assets of the fund at a particular time in a year of income for the purposes of this Part if:
(a)
the assets are invested, held in reserve or otherwise being dealt with at that time by the fund for the sole purpose of enabling the fund to discharge the whole or part of its current pension liabilities as they become due; and
(b)
the trustee of the fund obtains an actuary's certificate before the certificate date to the effect that the amount of the assets, if accumulated after the particular time at the rate the actuary expects will be the rate of the fund's earnings on those assets, would provide the amount required to discharge in full the whole or the part, as the case may be, of the current pension liabilities as they fall due.
273A(2)
[Prescribed pensions]
Assets of a complying superannuation fund are also segregated current pension assets of the fund at a particular time in a year of income for the purposes of this Part if the assets are invested, held in reserve or otherwise being dealt with at that time by the fund for the sole purpose of enabling the fund to discharge the whole or part of the current pension liabilities, as they become due, in respect of pensions that are prescribed by the regulations for the purposes of this subsection.
History
S 273A(2) inserted by No 93 of 2004.
273A(3)
[Application]
Subsection (2) does not apply unless, at all times during the year of income, the current pension liabilities of the fund were liabilities in respect of pensions that are prescribed by the regulations for the purposes of this subsection.
History
S 273A(3) inserted by No 93 of 2004.
S 273A amended by No 58 of 1990 and inserted by No 105 of 1989.
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