Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)

Schedule 3   AMENDMENTS RELATING TO SUPERANNUATION

Part 2   INCOME TAX ASSESSMENT ACT 1936

Division 8   Deductions for taxable contributions to certain entities

50   After section 277

Insert in Division 2 of Part IX:

Deduction for taxable contributions that are fringe benefits

"277A. A deduction is allowable from the assessable income of an eligible entity of a year of income of an amount equal to the total of any taxable contributions included in that assessable income that are fringe benefits (within the meaning of the Fringe Benefits Tax Assessment Act 1986).".