Taxation Laws Amendment Act 1994 (56 of 1994)

Part 5   AMENDMENT OF THE TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1989

112   Amendment of section 17 of the Principal Act

 

(1) Section 17 of the Principal Act is amended by omitting subsection (2) of the section 112 that was inserted in the Income Tax Assessment Act 1936 by section 17 of the Principal Act and substituting the following subsection:
        

"(2) This section does not apply to superannuation premiums to which section 111A applies.".

      

(2) To remove any doubt, it is declared that, for all purposes (including the purposes of section 65 of the Taxation Laws Amendment (Superannuation) Act 1989), the section that was inserted in the Income Tax Assessment Act 1936 by section 17 of the Principal Act is taken to have been that section as amended by subsection (1) of this section.
        

      

(3) This section does not affect the operation of paragraph 12(b) of the Taxation Laws Amendment Act (No. 5) 1989 and, to remove any doubt, it is declared that the subsection 112(2) of the Income Tax Assessment Act 1936 that was omitted by that paragraph is taken to have been that subsection as amended by subsection (1) of this section.