Taxation Laws Amendment (Structured Settlements and Structured Orders) Act 2002 (139 of 2002)

Schedule 1  

Part 3   Application provisions

Division 1A   Amended definitions of exempt life insurance policy and life insurance premium

16A   Application of amended definitions

(1) The amendments made by items 1A and 12A apply to assessments for the 2001-2002 income year and later income years.

(2) However, the amendments do not apply unless the date of the settlement or order (within the meaning of Division 54 of the Income Tax Assessment Act 1997) is 26 September 2001 or a later date.