Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 2) 1995No. 169, 1995 - SCHEDULE 10

                          SCHEDULE 10                 Section 3

PART 1-DEVELOPMENT ALLOWANCE AUTHORITY ACT 1992 1. Paragraph 93K(4)(c): Omit
"another", substitute "any".
PART 2-INCOME TAX ASSESSMENT ACT 1936 2. Subsection 160ARXA(1) (definition of
proper franking tax): Omit the definition.
PART 3-TAXATION (INTEREST ON OVERPAYMENTS AND EARLY
PAYMENTS) ACT 1983 3. Subsection 3(1) (paragraph (baa) of the definition of
relevant tax): Omit " Income Tax Assessment Act 1936", substitute "Tax Act".
4. Subparagraph 8A(1)(a)(v): Omit "or 163C", substitute ", 163C or 170AA". 5.
Subparagraph 8A(1)(b)(ii): Omit the subparagraph, substitute:

"(ii) if the person is a relevant entity or an instalment taxpayer and the
payment is of, or on account of, income tax payable under an assessment under
section 166A of the Tax Act-the final instalment day (also the appropriate due
day) in respect of the year of income in respect of which the income tax is
payable; or

   (iii) if the person is a relevant entity or an instalment taxpayer and the
        payment is of, or is on account of, income tax payable under an
        assessment under section 166, 167 or 168 of the Tax Act-the day (also
        the appropriate due day) on which that tax becomes due and payable;".
        6. Application The amendments made by items 4 and 5 apply to a payment
        of, or on account of, interest or income tax in respect of the 1993-94
        year of income or any later year of income, where the payment is made
        on or after 1 July 1994.
PART 4-TAXATION LAWS AMENDMENT ACT (NO. 3) 1994 7. Section 92: Omit "29
September", substitute "20 September". 8. Paragraph 130(a): Omit "section",
substitute "sections".
PART 5-TAXATION LAWS AMENDMENT (SUPERANNUATION) ACT 1992 9. Section 49: Repeal
the section, substitute: Application

"49. The amendments made by this Division apply in relation to eligible
termination payments made on or after 1 July 1994.".