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TAXATION LAWS AMENDMENT ACT (No. 2) 1994No. 82, 1994 - SECT 99
Insertion of new section
99. After section 116FB of the Principal Act the following section is
inserted: Exemption of income attributable to constitutionally protected funds
"116FC. The assessable income of a registered organisation does not include so
much of any income derived by the organisation as is attributable to the
investment of premiums in respect of life assurance policies received from
constitutionally protected funds.".
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