Taxation Laws Amendment Act (No. 2) 1995 (169 of 1995)

Schedule 1   AMENDMENTS RELATING TO STATE/TERRITORY BODIES

Part 1   STATE/TERRITORY BODIES

Division 1   Income Tax Assessment Act 1936

Subdivision B   Consequential amendments

10   Subsection 124ZA(1) (definition of exempt body)

Omit the definition, substitute:

"exempt body means:

(a) a body, association or fund to which paragraph 23(d), (e), (ea),

(eb), (ec), (f), (g), (h), (i), (j) or (k) applies; or

(b) an STB (within the meaning of Division 1AB) the income of which

is wholly exempt from tax;".