Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (147 of 2005)

Schedule 2   Foreign residents' income with an underlying foreign source

Part 2   Other amendments

Income Tax Assessment Act 1997

14   Subparagraph 118-12(2)(a)(vi)

Repeal the subparagraph, substitute:

(vi) section 240-40 (treatment of arrangement payments);

(vii) section 802-15 (foreign residents - exempting CFI from Australian tax); or