2007 No. 1600
The Pension Schemes (Categories of Country and Requirements for Overseas Pension Schemes and Recognised Overseas Pension Schemes) (Amendment) Regulations 2007
Made
Laid before the House of Commons
Coming into force
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 150(7) of the Finance Act 20041.
Citation, commencement and interpretation1
1
These Regulations may be cited as the Pension Schemes (Categories of Country and Requirements for Overseas Pension Schemes and Recognised Overseas Pension Schemes) (Amendment) Regulations 2007 and shall come into force on 1st July 2007.
2
In these Regulations “the principal Regulations” means the Pensions Schemes (Categories of Country and Requirements for Overseas Pension Schemes and Recognised Overseas Pension Schemes) Regulations 20062.
Amendment of the principal Regulations
2
The principal Regulations are amended as follows.
3
In regulation 2(3) (requirements of an overseas pension scheme) in primary condition 2—
a
at the end of paragraph (a) omit “or”, and
b
after paragraph (a) insert —
ab
the scheme is liable to taxation on its income and gains and is of a kind specified in the Schedule to these Regulations; or
4
At the end of the principal Regulations add the Schedule set out as the Schedule to these Regulations.
SCHEDULESpecified Schemes
A complying superannuation plan as defined in section 995-1 (definitions) of the Income Tax Assessment Act 1997 of Australia 3.
(This note is not part of the Regulations)