Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

6   Averaging primary producers' tax liability (new Division 392)

3   Consequential amendment of the Income Tax Assessment Act 1936

27   Subsection 221YCAA(2) (paragraph (j) of the definition of adjusted preceding year's tax)

Omit "other than a rebate under section 156", substitute "except a tax offset under subsection 392-35(2) of the Income Tax Assessment Act 1997 (which provides tax offsets for some primary producers), or a rebate under section 156 of this Act,".