Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)

Schedule 10   Franked distributions received through certain partnerships and trustees

Part 3   Amendments commencing on 30 June 2003

Income Tax Assessment Act 1997

30   Paragraph 220-400(1)(b)

Repeal the paragraph, substitute:

(b) an amount is included in the recipient's assessable income for the income year under section 207-20, and the recipient is entitled to a *tax offset for the income year under that section or section 207-110; and