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".