Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 12   Amendments relating to reasonable benefits limits

Sub-Division A   Certain commutation ETPs, pensions and annuities to be in excess of RBLs

97   RBL amount-ETP paid by life assurance company or registered organisation

Section 140ZI of the Principal Act is amended by omitting all the words before paragraph (c) and substituting:

"140ZI. If an ETP in relation to a person is paid by a life assurance company or a registered organisation, the RBL amount of the ETP is the whole of the ETP, other than any part of the ETP that consists of:".