New Business Tax System (Debt and Equity) Act 2001 (163 of 2001)

Schedule 1   Debt and equity interests

Part 2   Amendment of the Income Tax Assessment Act 1936

Income Tax Assessment Act 1936

72   At the end of section 102AAW

Add:

(2) For the purpose of applying this Act in calculating the attributable income of a trust estate:

(a) Division 974 of the Income Tax Assessment Act 1997; and

(b) the operation of any provision of this Act to the extent to which that operation depends on an expression whose meaning is given by that Division;

are to be disregarded.