Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1992 No. 208 of 1992 - SECT 26

26. Section 275B of the Principal Act is amended:

   (a)  by omitting from subsection (3) the definition of the component

"Notional purchase price" and substituting the following definition:

"Notional purchase price is the notional purchase price of the pension;";

   (b)  by omitting from subsection (7) the definitions of "accrual period"
        and "first payment date" and substituting the following definitions:

"'accrual period' has the meaning given by section 275C;
'first payment date', in relation to a pension, means the first day of the
period to which the first payment of the pension relates;
'notional purchase price', in relation to a pension, means the net present
value of the pension on the date on which the pension first commenced to be
payable;".