Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 4) 1987 No. 138 of 1987 - SECT 12

12. Section 27A of the Principal Act is amended:

   (a)  by omitting "or 26AFA (1)" from subparagraph (b) (iii) of the
definition of "eligible termination payment" in subsection (1) and
substituting ", 26AFA (1) or 26AFB (2) or (3)";

   (b)  by omitting "or 26AFA (3)" from paragraph (b) of the definition of

"eligible termination payment" in subsection (1) and substituting ", 26AFA (3)
or 26AFB (5)"; and
(c) by omitting paragraph (a) of the definition of "superannuation fund" in
subsection (1) and substituting the following paragraph:

"(a) a provident, benefit, superannuation or retirement fund, being:

        (i)    a fund to which paragraph 23 (jaa) or (jb) or section 23FC,
               121CC or 121DAB applies, or has applied, in relation to any
               year of income;

        (ii)   a fund to which paragraph 23 (ja) or section 23F or 23FB, as in
               force at any time before the commencement of this paragraph,
               has applied in relation to the year of income that commenced on
               1 July 1985 or a preceding year of income; or

        (iii)  a fund to which section 79, as in force at any time before 25
               June 1984, has applied in relation to the year of income that
               commenced on 1 July 1983 or a preceding year of income; and".