TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1989No. 105, 1989 - SECT 18 Exemption of income attributable to certain policies etc.

TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1989No. 105, 1989 - SECT 18

18. Section 112A of the Principal Act is amended:
(a) by omitting from subsection (1) "eligible policies" and substituting

"exempt policies";

   (b)  by omitting subsection (1A) and substituting the following subsection:

"(1A) The assessable income of an SGIO shall not include any amounts other
than:

   (a)  income derived from assets included in the insurance funds;

   (b)  specified roll-over amounts; and

   (c)  amounts included in assessable income under section 275.";

   (c)  by omitting from subsection (2) "eligible" and substituting "exempt";

   (d)  by omitting subsection (4).