INCOME TAX ASSESSMENT REGULATIONS 1997

PART 6 - THE DICTIONARY  

Division 995 - Definitions  

REGULATION 995-1.04   995-1.04   CONSTITUTIONALLY PROTECTED FUNDS  


For the definition of constitutionally protected fund in subsection 995-1(1) of the Act, a fund:


(a) of the kind to which, in the absence of item 5.3 of section 50-25 of the Act, Division 295 of the Act would apply; and


(b) established by:


(i) a State Act mentioned in Schedule 4; or

(ii) a specified provision of a State Act mentioned in Schedule 4 ;

is a constitutionally protected fund.




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