Income Tax Assessment Amendment (Foreign Investment) Act 1992 (190 of 1992)

22   Additional assumption for listed country CFC

Section 385 of the Principal Act is amended:

(a) by omitting from paragraphs (2)(a), (b) and (d) "B to D" (wherever occurring) and substituting "B to E";
            

(b) by inserting after paragraph (2)(c) the following paragraph:
            

"(ca) amounts included in the notional assessable income of the eligible CFC for the eligible period under Part XI as so modified; and";

(c) by adding at the end of paragraph (2)(d) the following word and subparagraph:
            

"; and (v) amounts included under Part XI as so modified.";

(d) by omitting from subsection (4) "paragraph (2)(a)" and substituting "paragraphs (2)(a) and (ca)".