Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 12   Amendments relating to reasonable benefits limits

Sub-Division A   Certain commutation ETPs, pensions and annuities to be in excess of RBLs

93   Object

The object of this Subdivision is to provide that, where an ETP, or a residual pension or residual annuity, resulted from the commutation etc. of a pension or annuity that was in excess of a person's RBLs, the ETP, residual pension or residual annuity will be similarly determined to be in excess of the person's RBLs.