Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 7   Amendments relating to short-term asset sales

Sub-Division C   Consequential amendments

68   Interpretation

Section 6 of the Principal Act is amended:

(a) by inserting "and" after "held by the taxpayer," in the definition of "income from personal exertion" or "income derived from personal exertion" in subsection (1);
          

(b) by omitting all the words from and including "and any profit" to and including "26AAA," from the definition of "income from personal exertion" or "income derived from personal exertion" in subsection (1).