Tax Laws Amendment (Election Commitments No. 1) Act 2008 (32 of 2008)

Schedule 1   Distributions of managed investment trust income to foreign residents

Part 3   Consequential amendments

Income Tax Act 1986

3   Subsection 5(2A)

Omit “section 301-175 or 306-15 of the Income Tax Assessment Act 1997”, substitute “section 301-175 or 306-15, or Division 840, of the Income Tax Assessment Act 1997 or Division 840 of the Income Tax (Transitional Provisions) Act 1997”.