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

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 10   Amendments relating to the components of ETPs known as bona fide redundancy payments, approved early retirement scheme payments and invalidity payments

51   Components of an ETP

Section 27AA of the Principal Act is amended:

(a) by inserting after paragraph (1)(a) the following paragraph:

"(aa) the post-June 1994 invalidity component;";

(b) by omitting from paragraph (1)(d) "(ETP-NQ-C)" (wherever occurring) and substituting "(ETP-IC-NQ-EC)";

(c) by inserting after the definition of component "C" in subparagraph (1)(d)(i) the following definition:

"IC is the post-June 1994 invalidity component;".