Taxation Laws Amendment Act (No. 2) 1993 (18 of 1993)

PART 3   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 7   Amendments relating to foreign investment

Subdivision A   Overriding subsection 96A (1)

30   Certain provisions not to apply in respect of interests in non-resident trust estates to which Part XI applies

Section 96A of the Principal Act is amended by inserting after subsection (1) the following subsection:

"(1A) The amount that, because of subsection (1), is not included under section 97 in assessable income is nevertheless taken to have been so included for the purposes of applying sections 99, 99A and 102AAU.".