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

Schedule 3   Non-assessable non-exempt income

Income Tax Assessment Act 1936

44   Subparagraph 160AQZB(1)(c)(ii)

Repeal the subparagraph, substitute:

(ii) would have been included in the assessable income of the holder of the interest if paragraphs 320-37(1)(a) and (d) of the Income Tax Assessment Act 1997 had not been enacted;