Income Tax Assessment Amendment (Foreign Investment) Act 1992 (190 of 1992)

24   Modifications of net income of partnerships and trusts

(1) Section 399 of the Principal Act is amended:
        

(a) by omitting from subsection (2) "402(2)(a)";
        

(b) by inserting in subsection (2) "402(2)(c)" before "and 403(b)".
        

(2) The amendment made by paragraph (1)(a) applies to the calculation of a CFC's attributable income of any eligible period, whether beginning before or after the commencement of this section.
        

(3) The amendment made by paragraph (1)(b) applies to the calculation of a CFC's attributable income in respect of a dividend received after 25 June 1992.