Commonwealth Numbered Acts

Income Tax Assessment Amendment Act (No. 3) 1984 No. 47 of 1984 - SECT 11

11. Section 26 of the Principal Act is amended-

   (a)  by omitting paragraph (a); and

   (b)  by omitting paragraphs (d) and (e) and substituting the following
        paragraph:

''(e) the value to the taxpayer of all allowances, gratuities, compensations,
benefits, bonuses and premiums allowed, given or granted to him in respect of,
or for or in relation directly or indirectly to, any employment of or services
rendered by him, whether so allowed, given or granted in money, goods, land,
meals, sustenance, the use of premises or quarters or otherwise, not being-

        (i)    an eligible termination payment within the meaning of
               Subdivision AA;

        (ii)   an amount to which section 26AC or 26AD applies; or

        (iii)  an amount that, under any provision of this Act, is deemed to
               be a dividend paid to the recipient;''.