Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)

Schedule 2   AMENDMENTS RELATING TO POOLED DEVELOPMENT FUNDS

Part 2   INCOME TAX ASSESSMENT ACT 1936

5   Objects

The objects of this Part are:

(a) to provide for the intercorporate dividend rebate for a pooled development fund ("PDF") to be calculated by reference to the rate of tax applicable to the SME income component of its taxable income; and

(b) to set out rules for working out the various components of the taxable income of a PDF; and

(c) to make certain adjustments to the tax treatment of capital gains and capital losses of PDFs.