Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 9   Deductions for bequests of significant cultural value made to certain institutions

82   Part applies in respect of disposals of assets

Section 160L of the Principal Act is amended by adding at the end the following subsection:

"(9) This Part does not apply in respect of the disposal by a person of an asset under the scheme formulated by the Australian Government and known as the Cultural Bequests Program.".