13 Jul 09 Regs to amend super "grandfathering" arrangements
Income Tax Assessment Amendment Regulations 2009 (No 3) was made on 9 July 2009 and registered on the Federal Register of Legislative Instruments on 10 July 2009. The Regulations amend the Income Tax Assessment Regulations 1997 to support the Government's announcement that grandfathering arrangements would be extended for certain members of defined benefit funds on 12 May 2009 as a result of the reduction in the concessional contributions caps and also include a number of refinements to the existing grandfathering regulations to improve the operation of those provisions and clarify their operation in certain circumstances, such as where members of a fund are transferred to another fund.
For a copy of Income Tax Assessment Amendment Regulations 2009 (No 3), go here
For a copy of the Explanatory Statement, click on ES/Supp Material