Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 5   Consolidation

Part 9   Inherited deductions

Income Tax Assessment Act 1997

115   Subsection 711-35(1)

Repeal the subsection, substitute:

(1) Work out the step 2 amount for the purposes of the table in subsection 711-20(1) by multiplying all deductions covered by subsection (2) by the *general company tax rate.