Tax Laws Amendment (Foreign Source Income Deferral) Act (No. 1) 2010 (114 of 2010)

Schedule 1   Repeal of the FIF and deemed present entitlement rules

Part 1   Main amendments

Income Tax Assessment Act 1936

3   Subsection 6(1)

Insert:

post FIF abolition credit means a post FIF abolition credit arising under:

(a) subsection 23AK(6); and

(b) subsection 717-220(2) of the Income Tax Assessment Act 1997; and

(c) subsection 717-255(2) of that Act.