Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 (70 of 2015)

Schedule 3   Offshore banking units

Part 3   Allocation of expenses

Income Tax Assessment Act 1936

10   Section 121C (definition of assessable OB income)

Repeal the definition, substitute:

assessable OB income has the meaning given by subsection 121EE(2).