Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 10   Distributions to foreign residents from managed investment trusts

Part 2   Consequential amendments

Taxation Administration Act 1953

27   At the end of section 18-15 in Schedule 1

Add:

(3) An entity is not entitled to a credit under this section in relation to a *withholding payment if the entity is entitled to a credit under section 18-50 in relation to that withholding payment.