Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1992 No. 208 of 1992 - SECT 54

54. Section 27D of the Principal Act is amended:

   (a)  by inserting after sub-subparagraph (1)(b)(iii)(D) the following
        sub-subparagraph:

"(E) the post-June 1994 invalidity component;";

   (b)  by inserting after paragraph (5)(a) the following paragraph:

"(aa) the notional post-June 1994 invalidity component, which is the amount
(including a nil amount) specified in the taxpayer's election under subsection
(1) as the extent to which the taxpayer wishes the applied amount to be
regarded as consisting of the eligible component covered by sub-subparagraph
(1)(b)(iii)(E);";

   (c)  by omitting from paragraph (5)(c) the following component (wherever
        occurring):
Notional
           "Applied     -      concessional

            amount             component"
and substituting the following component:
                       Notional         Notional post-June

        "Applied   -   concessional  -  1994 invalidity

        amount         component        component".