Commonwealth Numbered Acts

Income Tax Assessment Amendment Act (No. 3) 1984 No. 47 of 1984 - SECT 5

5. Section 16 of the Principal Act is amended-

   (a)  by omitting from sub-section (5B) ''and Resources'';

   (b)  by inserting after sub-section (5B) the following sub-section:

''(5BA) Where the Treasurer is satisfied that it is desirable to do so for the
purpose of enabling the Government of the Commonwealth to review the operation
of the provisions of this Act providing for allowable deductions in respect of
moneys paid on shares in companies that hold licences in force under the
Management and Investment Companies Act 1983, he may, by writing signed by
him, request the Commissioner to communicate to him or to another person
specified in the request, being a Minister of State, the Secretary to the
Department of the Treasury or the Secretary to the Department of Science and
Technology, information relating to such matters as are specified in the
request, and, notwithstanding anything contained in this section, the
Commissioner, or an officer authorized by him, shall communicate information
relating to those matters to the person specified in the request.'';

   (c)  by omitting from sub-section (5C) ''Trade and Resources'' and
        substituting ''Trade, the Secretary to the Department of Science and
        Technology''; and

(d) by inserting in paragraph (5C) (a) ''or (5BA)'' after ''sub-section
(5B)''.