Document ID: chunk:federal_register_of_legislation:C2010C00679:section:1987:p10
Version: federal_register_of_legislation:C2010C00679
Segment Type: section
Provision Reference: s 1987 (pt 10/51)
Character Range: 37035–39758

year of income and for all
later years of income.

Division 5 - Amendments to increase zone rebates and related rebates

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 14
Income of certain persons serving with an armed force under the
control of the United Nations

  14.(1) Section 23AB of the Principal Act is amended by omitting from
subsection (7) "$270" and substituting "$304".
  (2) Section 23AB of the Principal Act is amended by omitting from subsection
(7) "$304" and substituting "$338".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 15
Rebates for residents of isolated areas

  15.(1) Section 79A of the Principal Act is amended:
  (a) by omitting from paragraph (2)(a) "$938" and substituting "$1,056";
  (b) by omitting from paragraph (2)(d) "$270" and substituting "$304";
  (c) by omitting from paragraph (2)(e) "$45" and substituting "$51".
  (2) Section 79A of the Principal Act is amended:
  (a) by omitting from paragraph (2)(a) "$1,056" and substituting "$1,173";
  (b) by omitting from paragraph (2)(d) "$304" and substituting "$338";
  (c) by omitting from paragraph (2)(e) "$51" and substituting "$57".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 16
Rebates for members of Defence Force serving overseas

  16.(1) Section 79B of the Principal Act is amended by omitting from
subsections (2), (4) and (4A) "$270" and substituting "$304".
  (2) Section 79B of the Principal Act is amended by omitting from subsections
(2), (4) and (4A) "$304" and substituting "$338".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 17
Application

  17.(1) The amendments made by subsections 14(1), 15(1) and 16(1) apply to
assessments in respect of income of the 1992-93 year of income.
  (2) The amendments made by subsections 14(2), 15(2) and 16(2) apply to
assessments in respect of income of the 1993-94 year of income and of all
later years of income.

Division 6 - Amendments relating to disposals and redemptions of
traditional securities

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 18
Redemption of special bonds redeemable at a premium

  18. Section 23E of the Principal Act is amended by omitting from paragraph
(2)(b) "and subsection 160ZB(6)".

TAXATION LAWS AMENDMENT ACT (No. 5) 1992 No. 224 of 1992
- SECT 19
Deduction for loss on disposal or redemption of traditional securities

  19. Section 70B of the Principal Act is amended by adding at the end the
following subsections:
  "(4) If:
  (a) a taxpayer disposes of a traditional security or a traditional security
of a taxpayer is redeemed; and
  (b) there is a loss on the disposal or redemption; and
  (c) in the case of a disposal or redemption of