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

Schedule 3   Non-assessable non-exempt income

Income Tax Assessment Act 1936

17   Paragraph 23AK(1)(c)

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

Note: The heading to section 23AK is replaced by the heading " Amounts paid out of attributed foreign investment fund income not assessable ".