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

PART 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 2   Amendments of the definition of 'fixed interest complying ADF'

4   Fixed interest complying ADFs-exemption of income attributable to certain 25 May 1988 deposits

Section 290A of the Principal Act is amended:

(a) by omitting "either or both" from paragraph (a) of the definition of "fixed interest complying ADF" in subsecton (4) and substituting "any one or more";

(b) by inserting after subparagraph (a)(i) of the definition of "fixed interest complying ADF" in subsection (4) the following subparagraph:

"(ia) any profit arising on the disposal, redemption, cancellation or maturity of a security (within the meaning of Division 10);".