Taxation Laws Amendment Act 1994 (56 of 1994)

Part 3   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 3   Pensions and annuity rebates

19   Object of Division

The object of this Division is to extend the rebate that applies to superannuation pensions and roll-over annuities paid from a taxed source so that it applies to:

(a) superannuation pensions and roll-over annuities bought by rolling over an eligible termination payment representing the commutation of a deferred annuity; and
        

(b) superannuation pensions and roll-over annuities bought by rolling over an eligible termination payment representing the commutation of a pension from an untaxed superannuation fund.