Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 11   Technical amendments

Part 4   Amendments commencing on 1 July 2000

Division 6   Miscellaneous amendments relating to repeal of Divisions 8 and 8A of Part III of the Income Tax Assessment Act 1936

Income Tax Assessment Act 1936

107   Section 102M (definition of eligible policy )

Repeal the definition, substitute:

eligible policy means:

(a) an exempt life insurance policy (as defined in the Income Tax Assessment Act 1997); or

(b) a virtual PST life insurance policy (as defined in that Act).