Tax Laws Amendment (2004 Measures No. 1) Act 2004 (95 of 2004)

Schedule 8   Distributions to certain entities

Part 1   Division 7A amendments

Income Tax Assessment Act 1936

7   Subsection 109XA(4) (definition of unpaid present entitlement )

Repeal the definition, substitute:

unpaid present entitlement means:

(a) in a case mentioned in subparagraph (1)(c)(i), (2)(b)(i) or (3)(b)(i) - the amount of the present entitlement that remained unpaid on the earlier of the dates mentioned in that subparagraph; and

(b) in a case mentioned in subparagraph (1)(c)(ii), (2)(b)(ii) or (3)(b)(ii) - the amount of the present entitlement that remained unpaid on the earlier of the dates mentioned in that subparagraph.