Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)

Schedule 1   Consequential amendments etc.

Part 2   Other consequential amendments etc.

Income Tax Assessment Act 1936

131   Section 477

Repeal the section, substitute:

477 Resident superannuation entity

For the purposes of this Part, a trust is a resident superannuation entity at a particular time if at that time the trust is:

(a) an Australian superannuation fund; or

(b) a complying approved deposit fund or a pooled superannuation trust.

Note: The heading to section 477 is altered by omitting " Part IX " and substituting " superannuation ".