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

54   At the end of subsection 45-120(3) in Schedule 1

Add:

; and (c) which a penalty is applicable under section 12-415.