Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)

Schedule 1   Consequential amendments etc.

Part 2   Other consequential amendments etc.

Income Tax Assessment Act 1936

144   Subsection 57-70(1) in Schedule 2D

Omit "an eligible termination payment", substitute "a superannuation lump sum or an employment termination payment".

Note: The heading to section 57-70 in Schedule 2D is replaced by the heading " Treatment of superannuation lump sums and employment termination payments ".