Treasury Laws Amendment (Enterprise Tax Plan) Act 2017 (41 of 2017)

Schedule 4   Main consequential amendments relating to imputation

Part 1   Amendments commencing 1 July 2016

Income Tax Assessment Act 1997

4   Subsection 197-60(3) (paragraph (a) of the definition of applicable tax rate)

Omit "the *standard corporate tax rate", substitute "the company's *corporate tax rate for imputation purposes for the income year in which the choice is made".