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 C   FIF attribution account payments and CFCs

32   Interpretation

Section 317 of the Principal Act is amended:

(a) by omitting the definition of "grossed-up amount" and substituting the following definition:

"'grossed-up amount':

(a) in relation to an attribution debit-has the meaning given by section 373; and

(b) in relation to a FIF attribution debit-has the meaning given by section 607A;";

(b) by inserting the following definitions:

"'FIF attribution account entity' has the meaning given by section 601;

'FIF attribution account payment' has the meaning given by section 603;

'FIF attribution debit' has the meaning given by section 606;".