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 J Foreign currency gains and losses
47 Step 2-calculation of foreign investment fund income
Section 542 of the Principal Act is amended by omitting from subsection (3) "The" and substituting "If no election is made under subsection 538(4) in relation to the FIF, the".
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