Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (147 of 2005)
Schedule 2 Foreign residents' income with an underlying foreign source
Part 2 Other amendments
Income Tax Assessment Act 1997
13 Paragraphs 703-75(3)(c) and (d)
Repeal the paragraphs, substitute:
(c) for the purposes of determining the respective balances of the *franking accounts of the original company and the interposed company at and after the completion time.
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