Taxation Laws Amendment Act (No. 6) 2003 (67 of 2003)

Schedule 10   Trans-Tasman triangular imputation

Part 2   Related amendments

Division 1   Consequential amendments

Income Tax Assessment Act 1997

11   Subsection 995-1(1) (paragraph (b) of the definition of residency requirement )

Repeal the paragraph, substitute:

(b) for an income year that is one in which, or in relation to which, an event specified in a table in one of the following sections occurs:

(i) section 205-15 (general table of *franking credits);

(ii) section 205-30 (general table of *franking debits);

(iii) section 208-115 (table of *exempting credits);

(iv) section 208-120 (table of *exempting debits);

(v) section 208-130 (table of franking credits that arise because of an entity's status as a *former exempting entity or *exempting entity);

(vi) section 208-145 (table of franking debits that arise because of an entity's status as a former exempting entity or exempting entity);

or an income year that is described in section 220-205 - has the meaning given by section 205-25; and