Taxation Laws Amendment (Superannuation) Act 1993 (7 of 1993)

PART 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 6   Amendments relating to the tax treatment of the excessive component of ETPs

26   Notional income where assessable income includes consideration receivable on disposal, loss or destruction of depreciated property

Section 59AB of the Principal Act is amended by omitting from subsection (4) "any Act by which a rate of tax upon the taxable income of a taxpayer is fixed by reference to a notional income" and substituting "any Act that fixes a rate or rates of income tax by reference to a notional income".