New Business Tax System (Imputation) Act 2002 (48 of 2002)

Schedule 2   Consequential amendments of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997

10   Subsection 995-1(1)

Insert:

flows indirectly :

(a) section 207-35 sets out the circumstances in which a *franked distribution flows indirectly to an entity; and

(b) section 207-115 sets out the circumstances in which a franked distribution flows indirectly through an entity.