Taxation Laws Amendment Act (No. 3) 1997 (147 of 1997)

Schedule 6   Treatment of payments made under firearms surrender arrangements

Part 1   Amendment of the Income Tax Assessment Act 1936

1   Subsection 6(1)

Insert:

firearms surrender arrangements means:

(a) Commonwealth, State or Territory legislation; or

(b) administrative arrangements of a State or a Territory;

implementing the agreement arising from the meeting of the Police Ministers held on 10 May 1996 concerning the surrender of prohibited firearms.