Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1992 No. 208 of 1992 - SECT 58

58. Section 27A of the Principal Act is amended:
(a) by omitting from subsection (1) the definition of "ISC-directed
commutation payment";
(b) by omitting from subsection (1) the definition of "excessive component"
and substituting the following definition:

"'excessive component', in relation to an ETP, means so much of the ETP as the
Commissioner has determined under subsection 140R(1) exceeds the reasonable
benefit limits;";

   (c)  by omitting subsection (12E).