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

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

4   Consequential amendment of the Income Tax Rates Act 1986

43   Clause 3 of Part I of Schedule 11 (sub-subparagraph (c)(i)(A) of the definition of B)

Repeal the sub-subparagraph, substitute:

(A) if Division 392 (Long-term averaging of primary producers' tax liability) of the Income Tax Assessment Act 1997 applies - the average income worked out under section 392-45 of that Act;