Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

6   Averaging primary producers' tax liability (new Division 392)

3   Consequential amendment of the Income Tax Assessment Act 1936

24   Paragraph 221YBA(2)(a)

Repeal the paragraph, substitute:

(a) the taxpayer's taxable primary production income worked out under section 392-80 of the Income Tax Assessment Act 1997 (Working out your taxable primary production income); or