Tax Law Improvement Act 1997 (121 of 1997)

Schedule 3   Exempt income

Part 3   Consequential amendment of the Income Tax Assessment Act 1936

51   Paragraph 128B(3)(a)

Repeal the paragraph, substitute:

(a) income derived by a non-resident that is:

(i) exempt from income tax because of paragraph 23(jb) of this Act or section 50-5, 50-10, 50-15 or 50-20, item 6.1 or 6.2 of the table in section 50-30, section 50-40 or item 9.1 or 9.2 of the table in section 50-45 of the Income Tax Assessment Act 1997; and

(ii) exempt from income tax in the country in which the non-resident resides;