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SUPERANNUATION INDUSTRY (SUPERVISION) CONSEQUENTIAL AMENDMENTS ACT 1993 No. 82, 1993 - SECT 17
Assessable income to include value of benefits received from or in connection with funds that have obtained tax benefits under Part IX or former section 23FC
17. Section 26AFB of the Principal Act is amended:
(a) by omitting from paragraph (2)(b) "subsection 7(1) of the Occupational
Superannuation Standards Act 1987" and substituting "subsection 31(1)
of the Superannuation Industry (Supervision) Act 1993";
(b) by omitting paragraph (3)(b) and substituting the following paragraph:
"(b) at the time when the benefit was provided:
(i) the fund was not a regulated superannuation fund within the
meaning of the Superannuation Industry (Supervision) Act 1993;
or
(ii) both:
(A) the fund was a regulated superannuation fund within the
meaning of that Act; and
(B) the fund was not maintained as required by section 62 of
that Act;".
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