Taxation Laws Amendment Act 1994 (56 of 1994)
Part 3 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
Division 10 Life assurance companies and registered organizations
80 Apportionment of current year deductions between classes
(1) Section 116CF of the Principal Act is amended:
(a) by omitting from subsections (4), (5) and (6) "subsection 111A(1)" and substituting "section 111AC"; and
(b) by omitting from subsections (4), (6) and (7) "section 111AA" and substituting "section 111AD".
(2) Subsections 116CF(4), (5), (6) and (7) of the Principal Act as amended by subsection (1) of this section apply in relation to premiums received by a life assurance company on or after 1 January 1994.
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