Taxation Laws Amendment Act (No. 2) 1993 (18 of 1993)

PART 3   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 7   Amendments relating to foreign investment

Subdivision J   Foreign currency gains and losses

47   Step 2-calculation of foreign investment fund income

Section 542 of the Principal Act is amended by omitting from subsection (3) "The" and substituting "If no election is made under subsection 538(4) in relation to the FIF, the".