Commonwealth Numbered Acts

INCOME TAX LAWS AMENDMENT ACT 1980 No. 19 of 1980 - SECT 8

8. (1) Section 94 of the Principal Act is amended-

   (a)  by omitting from sub-paragraph (iii) of paragraph (a) of sub- section
        (1) "sixteen years on the last day of the year of income of the
        partnership" and substituting "18 years on the last day of the year of
        income of the person that corresponds with the year of income of the
        partnership";

(b) by inserting in paragraph (a) of sub-section (2) "of a year of income"
after "income of the partnership";

   (c)  by omitting from sub-paragraph (i) of paragraph (c) of sub-section (2)
        "in relation to whose share of the income of the trust estate
        sub-section (4) applies" and substituting "who was under the age of 18
        years on the last day of the year of income of the person that
        corresponds with the year of income of the partnership";

   (d)  by omitting from paragraph (d) of sub-section (2) "in relation to
        whose share of the income of the trust estate sub-section (4) applies"
        and substituting "who was under the age of 18 years on the last day of
        the year of income of the person that corresponds with the year of
        income of the partnership";

   (e)  by omitting sub-sections (3) and (4);

   (f)  by omitting from paragraph (a) of sub-section (6) ", or paragraph (b)
        of sub-section (4)";

   (g)  by omitting sub-section (7); and

(h) by omitting from sub-section (13) the definition of "prescribed trust".

(2) The amendments made by sub-section (1) apply to assessments in respect of
income of the year of income that commenced on 1 July 1979 and in respect of
income of all subsequent years of income.