Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)
Schedule 3 AMENDMENTS RELATING TO SUPERANNUATION
Part 2 INCOME TAX ASSESSMENT ACT 1936
Division 10 Lump sum payments made in consequence of the termination of overseas projects or overseas employment
58 Subsection 23AF(17A) (definition of 'notional gross tax')
Insert after paragraph (a):
"(aa) if the exempt amount is an exempt resident foreign termination payment (within the meaning of Subdivision AA of Division 2) - the exempt amount (excluding any part of that amount that represented contributions made by the taxpayer) were assessable income of the taxpayer; and".
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