Taxation Laws Amendment Act (No. 4) 2003 (66 of 2003)

Schedule 3   Non-assessable non-exempt income

Income Tax Assessment Act 1936

16   Subsection 23AJ(1)

Omit "exempt from income tax", substitute "not assessable income, and is not exempt income,".

Note: The heading to section 23AJ is replaced by the heading " Certain non-portfolio dividends from foreign countries not assessable ".