Tax Laws Amendment (Foreign Source Income Deferral) Act (No. 1) 2010 (114 of 2010)
Schedule 1 Repeal of the FIF and deemed present entitlement rules
Part 1 Main amendments
Income Tax Assessment Act 1997
44 Section 11-55 (table item headed "foreign aspects of income taxation")
Omit:
|
attributed controlled foreign company income |
23AI |
|
attributed foreign investment fund income |
23AK |
Substitute:
|
attributed controlled foreign company income, amounts paid out of |
23AI |
|
attributed foreign investment fund income, amounts paid out of |
23AK |