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

2   After paragraph 23(jc)

Insert:

(jd) the income derived by way of compensation under firearms surrender arrangements for any loss of business;

Note: Firearms surrender arrangements has the meaning given by subsection 6(1).