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

Taxation Administration Act 1953

39   Section 18-1 in Schedule 1

Omit:

• that receives a withholding payment (except one covered by section 12-215, 12-250 or 12-285); or

• that is the foreign resident for which a withholding payment covered by section 12-215, 12-250 or 12-285 (or a part of it) is received;

substitute:

• that receives a withholding payment (except one covered by section 12-215, 12-250 or 12-285, or subsection 12-390(4)); or

• that is the foreign resident for which a withholding payment covered by section 12-215, 12-250 or 12-285, or subsection 12-390(4), (or a part of it) is received;