Treasury Laws Amendment (2020 Measures No. 1) Act 2020 (49 of 2020)

Schedule 2   Merging superannuation funds

Tax Laws Amendment (2009 Measures No. 6) Act 2010

7   Application of amendments

The amendments made by items 1, 2, 4 and 5 of this Schedule apply in relation to a transferring entity and a receiving entity if:

(a) the condition in subsection 310-10(3), 310-15(3) or 310-20(3) of the Income Tax Assessment Act 1997 for those entities is satisfied on or after 1 October 2011; and

(b) all of the transfer events (if any) referred to in subsection 310-45(2) of that Act for those entities happen on or after 1 October 2011.

Note 1: The effect of paragraph (a) is that all of the members of the original fund will need to become members of a continuing fund on or after 1 October 2011.

Note 2: The effect of paragraph (b) is that the transferring entity needs to cease to hold all relevant assets on or after 1 October 2011.