Tax and Superannuation Laws Amendment (2014 Measures No. 4) Act 2014 (110 of 2014)

Schedule 5  

Part 4   Other amendments of principal Acts

Income Tax Assessment Act 1997

117   Paragraph 709-190(b)

Repeal the paragraph, substitute:

(b) an amount (the excess ) of the offset remains after applying section 63-10 (about the tax offset priority rules) to the head company’s basic income tax liability for that income year; and