Treasury Laws Amendment (Enterprise Tax Plan) Act 2017 (41 of 2017)

Schedule 4   Main consequential amendments relating to imputation

Part 1   Amendments commencing 1 July 2016

Income Tax Assessment Act 1997

6   At the end of subsection 197-60(4)

Add:

where:

applicable gross-up rate means the company's *corporate tax gross-up rate for the income year in which the choice is made.