Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of this Subdivision, the ordinary income of a company or trust is to be worked out as if:
(a) exempt lump sums were not excluded from the definition of ordinary income in subsection 5H(1); and
(b) each reference in section 5H to a person included a reference to a company or trust; and
(c) the following provisions had not been enacted:
(i) section 46Q;
(ii) subsection 5H(8);
(iii) subsections 5H(12) and (12A);
(iv) Divisions 1, 2, 3, 4, 6 and 7.
(2) Paragraphs (1)(a) and (c) have effect subject to paragraph 52ZZK(1)(d).
(3) A reference in this Subdivision to the ordinary income of a company or trust is a reference to the company's or trust's gross ordinary income from all sources calculated without any reduction, other than a reduction under section 52ZZN or 52ZZO.