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

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 6   Amendments relating to the unused undeducted purchase price of certain annuities and superannuation pensions

32   Assessable income to include annuities and superannuation pensions

Section 27H of the Principal Act is amended:

(a) by omitting paragraph (3A)(a) and substituting the following paragraph:
        

"(a) the extent to which the payment made in relation to the commutation consisted of undeducted contributions;";

(b) by omitting from paragraph (3A)(b) "components other than the post-June 83 component" and substituting "undeducted contributions".