Taxation Laws Amendment (Superannuation) Act 1992 (208 of 1992)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 11   Amendments relating to reasonable benefit limits (RBLs)

58   Interpretation

Section 27A of the Principal Act is amended:

(a) by omitting from subsection (1) the definition of "ISC-directed commutation payment";
            

(b) by omitting from subsection (1) the definition of "excessive component" and substituting the following definition:
            

"'excessive component', in relation to an ETP, means so much of the ETP as the Commissioner has determined under subsection 140R(1) exceeds the reasonable benefit limits;";

(c) by omitting subsection (12E).