29520 Exempting laws ineffective A law than this Act) does not have the effect *Commonwealth of exempting the trustee of an entity to which this Division applies from the liability to pay tax unless it does so expressly. 29525 Assessments on basis of anticipated SIS Act notice (1) The Commissioner may make an assessment for a fund or trust that is not a superannuation fund, approved *complying *complying deposit fund or superannuation trust for the income year as *pooled if it were such an entity if the Commissioner considers it likely that a notice will be given under section 40 of the Superannuation having the effect that it will Industry (Supervision) Act 1993 become such an entity. (2) However, the grounds for making an assessment subsection (1) are taken never to have existed if: (a) the Commissioner becomes satisfied that the notice will not be or (b) does not receive the documents referred to in *APRA subsection 36(1) of the Superannuation Industry about the fund or trust before the end (Supervision) Act 1993 of 12 months after the assessment is made. 29530 Effect of revocation etc. of SIS Act notices This Division has effect as if a notice given under section 342 of the (about Superannuation Industry (Supervision) Act 1993 pre1 July 88 funding credits) or under regulations made for the purposes of that section had never been given if: (a) the notice is revoked; or (b) the decision to give the notice is set Acronyms used in tables In tables in this Division, these acronyms are used for these entities:
29520 Exempting laws ineffective A *Commonwealth law than this Act) does not have the effect of exempting the trustee of an entity to which this Division applies from the liability to pay tax unless it does so expressly. 29525 Assessments on basis of anticipated SIS Act notice (1) The Commissioner may make an assessment for a fund or trust that is not a *complying superannuation fund, *complying approved deposit fund or *pooled superannuation trust for the income year as if it were such an entity if the Commissioner considers it likely that a notice will be given under section 40 of the Superannuation Industry (Supervision) Act 1993 having the effect that it will become such an entity. (2) However, the grounds for making an assessment subsection (1) are taken never to have existed if: (a) the Commissioner becomes satisfied that the notice will not be or (b) *APRA does not receive the documents referred to in subsection 36(1) of the Superannuation Industry (Supervision) Act 1993 about the fund or trust before the end of 12 months after the assessment is made. 29530 Effect of revocation etc. of SIS Act notices This Division has effect as if a notice given under section 342 of the Superannuation Industry (Supervision) Act 1993 (about pre1 July 88 funding credits) or under regulations made for the purposes of that section had never been given if: (a) the notice is revoked; or (b) the decision to give the notice is set Acronyms used in tables In tables in this Division, these acronyms are used for these entities:
Income_Tax_Assessment_Act_1997_Super_Extract-1.docx