Tax Laws Amendment (2010 Measures No. 2) Act 2010 (75 of 2010)
Schedule 5 Global Carbon Capture and Storage Institute Ltd
Part 1 Amendments commencing on Royal Assent
Division 2 Consequential amendments
Income Tax Assessment Act 1936
6 After section 102MC
102MD Application of Division to trustees etc. of exempt life assurance funds and superannuation funds
This Division applies to the person in whom the assets of a fund are vested (whether or not as trustee) in the same way as this Division applies to an exempt entity, if the fund is:
(a) a fund maintained by a life assurance company solely in respect of a class of life assurance business that consists of business of, or in relation to, the issuing of, or the undertaking of liability under:
(i) exempt life insurance policies (within the meaning of the Income Tax Assessment Act 1997); or
(ii) complying superannuation/FHSA life insurance policies (within the meaning of that Act); or
(b) a complying superannuation fund, a complying approved deposit fund or a pooled superannuation trust.
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