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

26   Subsection 995-1(1)

Insert:

net income :

(a) of a partnershiphas the same meaning as in Division 5 of Part III of the Income Tax Assessment Act 1936; and

(b) of a trusthas the same meaning as in Division 6 of Part III of that Act.