Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 1   Distributions to entities connected with a private company and related issues

Part 1   Main amendments

Income Tax Assessment Act 1936

1   Section 109B

Omit “and provides a basis for a debit arising in the company’s franking account (under item 8 of the table in section 205-30 of the Income Tax Assessment Act 1997)”.