• Specific Year
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INCOME TAX ASSESSMENT ACT 1997 - SECT 295.330 Previously foreign funds

INCOME TAX ASSESSMENT ACT 1997 - SECT 295.330

Previously foreign funds

    The amount of * ordinary income and * statutory income from previous years included in the assessable income of a fund in an income year under item   3 of the table in section   295 - 320 is:

Start formula Sum of the *market values of the fund's assets just before the start of the income year minus Amount in the fund at that time representing contributions made by current members end formula