Tax Laws Amendment (Foreign Source Income Deferral) Act (No. 1) 2010 (114 of 2010)

Schedule 1   Repeal of the FIF and deemed present entitlement rules

Part 1   Main amendments

Income Tax Assessment Act 1936

4   Subsection 6(1)

Insert:

post FIF abolition debit means a post FIF abolition debit arising under:

(a) subsection 23AK(2); and

(b) subsection 23B(1); and

(c) subsection 717-220(3) of the Income Tax Assessment Act 1997; and

(d) subsection 717-255(3) of that Act.