Taxation Laws Amendment (Superannuation) Act 1993 (7 of 1993)

PART 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 6   Amendments relating to the tax treatment of the excessive component of ETPs

27   Notional income of a taxpayer deriving a premium

Section 86 of the Principal Act is amended by omitting from subsection (1) "any Act whereby a rate of tax upon the taxable income of a taxpayer is fixed by reference to a notional income" and substituting "any Act that fixes a rate or rates of income tax by reference to a notional income".