Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)
Schedule 2 AMENDMENTS RELATING TO POOLED DEVELOPMENT FUNDS
Part 2 INCOME TAX ASSESSMENT ACT 1936
18 After subsection 46A(9)
Insert:
"(9A) For the purposes of subsection (5A), the net income derived from PDF dividends by a shareholder is the amount remaining after deducting from the amount of the PDF dividends included in the assessable income of the shareholder of the year of income the deductions allowed or allowable to the shareholder under this Act in respect of those dividends.".
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