Taxation Laws Amendment (Foreign Income Measures) Act 1997 (155 of 1997)

Schedule 1   Foreign source income

Part 5   Application and transitional

124   Application of amendments - Division 18 of Part III of the Income Tax Assessment Act 1936

(1) The amendments of Part X of the Income Tax Assessment Act 1936 made by this Schedule, in so far as they are relevant to sections 160AFC and 160AFCC of that Act, apply in relation to dividends paid on or after 1 July 1997.

(2) The amendment of section 160AFCA of the Income Tax Assessment Act 1936 made by this Schedule applies in relation to statutory accounting periods beginning on or after 1 July 1997.