Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 4) 1987 No. 138 of 1987 - SECT 90

90. Section 37 of the Principal Act is amended:

   (a)  by omitting from subparagraph (1) (a) (i) ", 86 or 158D" and
        substituting "or 86";

   (b)  by inserting after subparagraph (1) (a) (ii) the following
        subparagraph:

"(iia) for the purposes of Division 16A of Part III of the Assessment Act
(other than the purpose of calculating the average eligible taxable income of
the taxpayer of the current year of income), the eligible taxable income of
the taxpayer of the preceding year of income had been increased by 11%;";

   (c)  by omitting from the end of sub-subparagraph (1) (b) (iv) (B) "and";
        and

   (d)  by adding at the end of subparagraph (1) (b) (iv) the following word
        and sub-subparagraph:

"and (D) for the purposes of Division 16A of Part III of the Assessment Act,
the amount of the eligible taxable income of the taxpayer of the preceding
year of income were such amount (if any) as the Commissioner determines.".