Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1992 No. 208 of 1992 - SECT 44

44. Section 27C of the Principal Act is amended:

   (a)  by omitting subsection (1) and substituting the following subsection:

"(1) Subject to subsection (1A), if an ETP is made in relation to a taxpayer
in a year of income, the taxpayer's assessable income of the year of income
includes 5% of the retained amount of the pre-July 83 component.";

   (b)  by omitting subsection (2) and substituting the following subsection:

"(2) If an ETP is made in relation to a taxpayer in a year of income, the
taxpayer's assessable income of the year of income includes 5% of the retained
amount of the concessional component.".