Superannuation Contributions and Termination Payments Taxes Legislation Amendment Act 1997 (191 of 1997)
Schedule 1 Amendment of the Income Tax Assessment Act 1936
1 Subsection 27A(1) (at the end of the definition of 12
Add:
or (r) an amount received by the taxpayer as a result of the commutation of a pension payable from a constitutionally protected fund (within the meaning of Part IX) solely for the purpose of paying a superannuation contributions surcharge (as defined in section 38 of the Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997).
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