First Home Saver Accounts (Consequential Amendments) Act 2008 (45 of 2008)

Schedule 7   Other amendments relating to changes of references to virtual PST etc.

Income Tax Assessment Act 1997

14   Subsection 320-107(3)

After “where:”, insert:

complying superannuation/FHSA class rate is the rate of tax imposed on the *complying superannuation/FHSA class of the company’s taxable income for the income year.