Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 102MD

                   This Division applies to the person in whom the assets of a fund are vested (whether or not as trustee) in the same way as this Division applies to an exempt entity, if the fund is:

                     (a)  a fund maintained by a life assurance company solely in respect of a class of life assurance business that consists of business of, or in relation to, the issuing of, or the undertaking of liability under:

                              (i)  exempt life insurance policies (within the meaning of the Income Tax Assessment Act 1997 ); or

                             (ii)  complying superannuation/FHSA life insurance policies (within the meaning of that Act); or

                     (b)  a complying superannuation fund, a complying approved deposit fund or a pooled superannuation trust.