New International Tax Arrangements (Participation Exemption and Other Measures) Act 2004 (96 of 2004)

Schedule 2   Foreign branch income, non-portfolio dividends and listed countries

Part 3   Non-portfolio dividend exemption: consequential amendments

Income Tax Assessment Act 1936

70   Paragraphs 436(1)(e) and (f)

Repeal the paragraphs, substitute:

(e) a non-portfolio dividend paid to the company by a company that is a resident of a listed country or unlisted country;