Commonwealth Consolidated Acts Commonwealth Consolidated Acts
Income Tax Assessment Act 1936
1 Subsection 46F(3)
Repeal the subsection, substitute:
(3) Subsection ( 2) does not apply if:
(a) the shareholder is a group company in relation to the company paying the dividend in relation to the year of income in which the dividend is paid; or
(b) were the tests in section 160AFE for working out relationships between companies to apply to a particular time rather than in relation to a year of income--the shareholder would have been a group company in relation to the company paying the dividend at all times during the period of 12 months ending on the day on which the dividend was paid.
2 Application
The amendment made by this Schedule applies to dividends paid on or after 1 July 2000.
Notes to the Taxation Laws Amendment Act (No. 3) 2002
Note 1
The Taxation Laws Amendment Act (No. 3) 2002 as shown in this compilation comprises Act No. 97 , 20 02 amended as indicated in the Tables below.
Table of Acts
Act | Number | Date | Date of commencement | Application, saving or transitional provisions |
Taxation Laws Amendment Act (No. 3) 2002 | 97 , 20 02 | 10 Nov 2002 | See s. 2(1) |
|
Tax Laws Amendment (2010 Measures No. 2) Act 2010 | 75, 2010 | 28 June 2010 | Schedule 6 (item 66): 29 June 2010 | -- |
Table of Amendments
ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted | |
Provision affected | How affected |
S. 4 .................... | rep . No. 75 , 2010 |