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

PART 3   AMENDMENT OF THE INCOME TAX RATES ACT 1986

Division 2   Amendments relating to the tax treatment of the excessive component of ETPs

42   Schedule 12

Schedule 12 to the Principal Act is amended by adding at the end of clause 3 of Parts I and II:

"In applying the formula, component B is to be worked out on the assumption that the whole of the taxable income is ordinary taxable income.".