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

26   Subsection 221YCAA(2) (paragraph (h) of the definition of adjusted preceding year' tax)

Omit "Division 16 of Part III", substitute "Division 392 (Long-term averaging of primary producers' tax liability) of the Income Tax Assessment Act 1997 or Division 16 of Part III of this Act".