Tax Laws Amendment (Small Business Measures No. 1) Act 2015 (66 of 2015)

Schedule 1   Amendments

Part 2   Consequential amendments

Division 1   Main amendments

Income Tax Rates Act 1986

30   Paragraph 28(a)

Repeal the paragraph, substitute:

(a) if paragraph 98(3)(b) of the Assessment Act (about beneficiaries that are companies) applies:

(i) if the beneficiary is a company to which paragraph 23(2)(a) of this Act applies - the rate specified in paragraph 23(2)(a); or

(ii) otherwise - the rate specified in paragraph 23(2)(b); and