Income Tax Assessment (1997 Act) Regulations 2021

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 290 - Contributions to superannuation funds  

Subdivision 290-C - Deducting personal contributions  

SECTION 290-155.01  

290-155.01   COMPLYING SUPERANNUATION FUND CONDITION - PRESCRIBED SUPERANNUATION FUNDS  
A superannuation fund is of a kind prescribed for the purposes of subparagraph 290-155(1)(a)(iii) of the Act if:

(a)    the fund has one or more members that have a superannuation interest in the fund that is a defined benefit interest; and

(b)    the trustee of the fund elects to have this section apply to the fund; and

(c)    the election:

(i) is made before the start of the income year of the fund in which the contribution is made; and

(ii) is not revoked before the start of that year; and

(iii) is made by notifying the Commissioner in the approved form.