Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 802 - Foreign residents ' income with an underlying foreign source  

Subdivision 802-A - Conduit foreign income  

Operative provisions

SECTION 802-55  

802-55   No double benefits  


An amount cannot be both:


(a) an unfranked non-portfolio dividend credit for an entity under section 46FB of the Income Tax Assessment Act 1936 ; and


(b) counted towards:


(i) the entity ' s *conduit foreign income; and

(ii) the entity ' s *non-assessable non-exempt income under section 802-20 .

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