Taxation Laws Amendment Act (No. 4) 2003 (66 of 2003)
Schedule 3 Non-assessable non-exempt income
Income Tax Assessment Act 1936
48 At the end of section 271-105 in Schedule 2F
Add:
(3) The amount of the reduction is not assessable income and is not exempt income.
Note: The heading to section 271-105 in Schedule 2F is replaced by the heading " Amounts subject to family trust distribution tax not assessable ".
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