Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
6 Averaging primary producers' tax liability (new Division 392)
3 Consequential amendment of the Income Tax Assessment Act 1936
29 Subparagraph 221YCAA(3)(b)(ii)
Omit "Division 16 of Part III, the deemed taxable income from primary production of the taxpayer", substitute "Division 392 of the Income Tax Assessment Act 1997 (Long-term averaging of primary producers' tax liability), the taxpayer's averaging component".
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