Taxation Laws Amendment Act (No. 1) 2003 (12 of 2003)

Schedule 3   Friendly society investment products

Part 3   Assessment of income from certain policies

Income Tax Assessment Act 1936

7   Subsection 26AH(1) (at the end of the definition of eligible policy )

Add ", other than a funeral policy (as defined in the Income Tax Assessment Act 1997) issued on or after 1 January 2003".