Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
8 Above-average special professional income (new Division 405)
2 Consequential amendment of the Income Tax Assessment Act 1936
3 Subsection 159ZR(1) (paragraph (b) of the definition of normal taxable income)
Repeal the paragraph, substitute:
(b) the taxable income were reduced by:
(i) any abnormal income amount taken to be included in the taxable income under section 158L; or
(ii) any above-average special professional income included in the taxable income under section 405-15 of the Income Tax Assessment Act 1997; and
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