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

8   Above-average special professional income (new Division 405)

2   Consequential amendment of the Income Tax Assessment Act 1936

3   Subsection 159ZR(1) (paragraph (b) of the definition of normal taxable income)

Repeal the paragraph, substitute:

(b) the taxable income were reduced by:

(i) any abnormal income amount taken to be included in the taxable income under section 158L; or

(ii) any above-average special professional income included in the taxable income under section 405-15 of the Income Tax Assessment Act 1997; and