Treasury Laws Amendment (2020 Measures No. 2) Act 2020 (79 of 2020)
Schedule 1 Hybrid mismatch rules
Part 4 Foreign income tax deductions for regulatory capital
Income Tax Assessment Act 1997
61 Section 10-5 (after table item headed "foreign exchange")
Insert:
|
foreign income tax deduction for franked distributions |
|
|
Additional Tier 1 capital exception |
15-80 |