Taxation Laws Amendment Act (No. 2) 1993 (18 of 1993)
PART 3 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
Division 7 Amendments relating to foreign investment
Subdivision F Net income of partnerships and trusts
38 Taxpayers to whose interests in FIFs and FLPs this Part applies
Section 485 of the Principal Act is amended by adding at the end of subsection (1) the following sentence:
"Section 485A also has effect when the operative provision is applied to work out the net income of a partnership or trust estate.".
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