Commonwealth Numbered Regulations

1990 No. 126 INCOME TAX REGULATIONS (AMENDMENT) - REG 12

12. Regulation 54DAO of the Income Tax Regulations is amended:

   (a)  by omitting subregulation (1) and substituting the following
        subregulation:

"(1) Expressions used in this Subdivision that are used in Subdivisions AAA
and AAB of Division 17 of Part III of the Act have, unless the contrary
intention appears, the same meanings in this Subdivision as in that
Subdivision.";

   (b)  by omitting from subregulation (2) the definitions of "post 30 June
        1983 component" and "pre 1 July 1983 component";

   (c)  by inserting in subregulation (2) the following definitions:

" 'post-June 83 component', in relation to an ETP, has the same meaning as in
paragraph 27AA (1) (e) of the Act;
'pre-July 83 component', in relation to an ETP, has the same meaning as in
paragraph 27AA (1) (d) of the Act;
'taxed element of the post-June 83 component' means the extent, determined
under section 27AB of the Act, to which the post-June 83 component consists of
a taxed element;
'untaxed element of the post-June 83 component' means the extent, determined
under section 27AB of the Act, to which the post-June 83 component does not
consist of a taxed element.".