Taxation Laws Amendment Act (No. 1) 1995 (120 of 1995)
Schedule 1 VARIOUS AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936
Part 4 DIVIDEND REBATES AND LIFE ASSURANCE COMPANIES
26 After subsection 46(1)
Insert:
"(1A) A reference in this section to the taxable income of a shareholder that is a life assurance company is a reference to the non-fund component of the life assurance company's taxable income.".
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