Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteFor the purposes of working out an entity ' s Division 296 fund earnings for an income year under subsection 296-60(1) of the Income Tax Assessment Act 1997 , disregard any capital gain that, for the purposes of Division 102 of that Act, the entity is treated as having made because of subsection 294-120(5) of this Act.
Note:
Subsection 294-120(5) deals with deferred notional gains for complying superannuation funds.
296-65(2)
For the purposes of working out a pooled superannuation trust ' s Division 296 fund earnings for an income year under subsection 296-60(4) of the Income Tax Assessment Act 1997 , disregard any capital gain that, for the purposes of Division 102 of that Act, the trust is treated as having made because of subsection 294-130(5) of this Act.
Note:
Subsection 294-130(5) deals with deferred notional gains for pooled superannuation trusts.
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