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Thursday, 15 June 1989
Page: 4080


Senator WALSH (Minister for Finance)(11.49) —I have the answer in writing. A notice under section 82aat disentitles an individual to a tax deduction and excludes an amount from assessable income of the fund. If the notice is given in the current year, the amount will not be included in the income of the fund. If the notice is given in a later year, the fund will get the deduction.