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 1936

6   At the end of subsection 128B(1)

Add:

Note: An amount declared to be conduit foreign income is an amount to which this section does not apply: see section 802-15 of the Income Tax Assessment Act 1997.