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

6   Subparagraph 221YCAA(3)(b)(iv)

Repeal the subparagraph, substitute:

(iv) for the purposes of Division 405 of the Income Tax Assessment Act 1997 (which deals with above-average special professional income), the taxpayer's taxable professional income for the preceding year of income were any amount determined by the Commissioner.