Tax Laws Amendment (2006 Measures No. 2) Act 2006 (58 of 2006)

Schedule 7   Technical corrections and improvements

Part 1   Amendments commencing on Royal Assent

Income Tax Assessment Act 1997

88   Paragraph 205-70(1)(c)

Omit "that offset exceeded the amount that would have been its income tax liability for that year if it did not have that offset (but had all its other tax offsets)", substitute "some of the offset remained after applying section 63-10 (tax offset priority rules)".