Taxation Laws Amendment Act (No. 1) 1995 (120 of 1995)
Schedule 1 VARIOUS AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936
Part 1 BONUS SHARES AND LIFE ASSURANCE COMPANIES
3 Paragraph 6BA(6)(d)
Omit the paragraph, substitute:
"(d) an amount attributable to the dividend is included, through the taxpayer or through the taxpayer and any interposed partnerships or trusts, in:
(i) the assessable income, other than the fund assessable income, of a life assurance company of any year of income (the 'relevant year of income'); or
(ii) the assessable income of a company that is a resident, but neither a trustee of a trust estate nor a life assurance company, of any year of income (also the 'relevant year of income');".
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