Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 11   Technical amendments

Part 4   Amendments commencing on 1 July 2000

Division 6   Miscellaneous amendments relating to repeal of Divisions 8 and 8A of Part III of the Income Tax Assessment Act 1936

Income Tax Assessment Act 1936

115   Subparagraph 279D(1)(a)(ii)

Omit "an exempt policy (within the meaning of Division 8 of Part III) or RA policy (within the meaning of Division 8 of Part III)", substitute "either an exempt life insurance policy (as defined in the Income Tax Assessment Act 1997) or a life assurance policy covered by subparagraph (b)(i) of the definition of virtual PST life insurance policy in subsection 995-1(1) of that Act while the policy was held by the deceased person,".