Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 7 - TRANSITIONAL MATTERS  

PART 1000-1 - TRANSITIONAL MATTERS RELATING TO THE REPEAL OF THE INCOME TAX ASSESSMENT REGULATIONS 1997  

SECTION 1000-1.05  

1000-1.05   NOTIONAL TAXED CONTRIBUTIONS - ALLOCATION OF CONTRIBUTIONS  
For the purposes of subsection 291-170.03(2) , an amount of assessable contributions received by a trustee before 1 July 2021 and allocated by the trustee to a member on or after 1 July 2021 in accordance with:

(a)    subregulations 292-170.03(2) and (3) of the old regulations (as they continue to apply under subsection 1000-1.02(2) of this instrument); and

(b)    regulation 7.11 of the SIS Regulations (as in force immediately before the commencement time);

is taken to have been allocated to the member in accordance with regulation 7.11 of the SIS Regulations.