Tax Laws Amendment (2007 Measures No. 4) Act 2007 (143 of 2007)

Schedule 1   New foreign income tax offset rules

Part 4   Consequential and other amendments

Income Tax Assessment Act 1997

188   Subsection 995-1(1) (definition of attribution percentage )

Repeal the definition, substitute:

attribution percentage :

(a) in relation to a *CFC or a *CFT - has the meaning given by Part X of the Income Tax Assessment Act 1936; and

(b) in relation to a *FIF that is a company - has the meaning given by section 581 of that Act.