Commonwealth Numbered Acts

Income Tax Assessment Amendment Act (No. 3) 1984 No. 47 of 1984 - SECT 51

51. Section 160AAB of the Principal Act is amended by omitting sub-section (1)
and substituting the following sub-section:

''(1) In this section, 'eligible 26AH amount', in relation to a year of
income, means an amount included in assessable income under section 26AH in
relation to an eligible policy within the meaning of that section issued by-

   (a)  a life assurance company within the meaning of Division 8, not being a
        life assurance company the whole of the income of which of the year of
        income is exempt from tax; or

   (b)  a friendly society.''.