Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (44 of 1999)

Schedule 7   Consequential amendment of Acts

Income Tax Assessment Act 1936

70   Subsection 116E(1)

Insert:

RSA assessable income , in relation to a registered organization in relation to a year of income, means so much of the total income of the organization of the year of income as is derived from RSA business of the organization.