Income Tax Assessment Amendment (Foreign Investment) Act 1992 (190 of 1992)
18 Attributed tax account credit
Section 375 of the Principal Act is amended:
(a) by inserting after paragraph (1)(d) the following paragraph:
"(da) the following subparagraphs apply:
(i) an amount ('the section 456 amount') is included in the assessable income of the taxpayer under section 456 in respect of a statutory accounting period of a CFC;
(ii) the taxpayer is taken by section 160AFCK to have paid, and to be personally liable for, an amount of foreign tax in relation to the section 456 amount;";
(b) by inserting after "case" in paragraph (3)(a) "or a paragraph (1)(da) case".
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