Taxation Laws Amendment Act (No. 5) 2003 (142 of 2003)
Schedule 4 Foreign dividend accounts
Income Tax Assessment Act 1936
1 Paragraph 128TB(1)(b)
Repeal the paragraph, substitute:
(b) the company incurs expenditure that:
(i) is not an allowable deduction of the company for any year of income (or would not be apart from section 25-90 of the Income Tax Assessment Act 1997); but
(ii) would be such a deduction to any extent if section 23AJ of this Act were disregarded; or
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