Taxation Laws Amendment Act (No. 4) 2003 (66 of 2003)

Schedule 1   Internal roll-overs

Income Tax Assessment Act 1936

6   Subsection 27A(1) (after paragraph (h) of the definition of eligible termination payment )


(ha) the residual capital value of a qualifying annuity (the first annuity ) payable to the taxpayer, that is applied, immediately after that residual capital value became payable, towards the provision of one or more other qualifying annuities payable to the taxpayer by the payer of the first annuity;