Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 2) 1994No. 82, 1994 - SECT 9

9. Section 159GP of the Principal Act is amended:
(a) by omitting from subsection (1) the definitions of "adjusted term",

"eligible notional accrual period", "non-varying element", "notional accrual
amount", "notional accrual period", "taxpayer's yield to redemption" and

"varying element";

   (b)  by inserting in subsection (1) the following definitions:

"'accrual amount' has the meaning given by subsection 159GQB(1);
'accrual period' has the meaning given by section 159GQA;
'eligible return' has the meaning given by subsection (3);
'implicit interest rate' has the meaning given by subsection 159GQB(2);
'taxpayer's maximum term', in relation to a security held by a taxpayer,
means:

   (a)  if the security was issued to the taxpayer-the term of the security;
        or

   (b)  if the security was transferred to the taxpayer-the part of the term
        remaining after the transfer;";

   (c)  by omitting subsections (4) and (5).