Taxation Laws Amendment (Superannuation) Act 1993 (7 of 1993)

PART 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 4   Amendments relating to ETP rules for death benefits

12   Interpretation

Section 27A of the Principal Act is amended:

(a) by omitting subparagraphs (aa)(ii), (ba)(ii) and (ca)(ii) of the definition of "eligible termination payment" in subsection (1);

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

"'death benefit ETP' means an ETP that is a death benefit within the meaning of section 27AAA;";

(c) by omitting subsections (4), (4A), (5BA) and (12D);

(d) by omitting subsection (12B) and substituting the following subsection:

"(12B) A death benefit ETP is not a qualifying eligible termination payment, in spite of anything in subsection (12).";

(e) by omitting from paragraph (12C)(a) "paragraph (g) or (h)" and substituting "paragraph (d), (g) or (h)".