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

74   At the end of subsection 102L(2)

Add:

; and (c) any of the provisions of those sections that does not apply to a dividend in respect of a non-equity share in a company also does not apply to a unit trust dividend in respect of an interest in the corporate unit trust that is characterised as, or forms part of a larger interest that is characterised as, a debt interest under Subdivision 974-B of the Income Tax Assessment Act 1997.