Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 8   Forestry managed investment schemes

Part 2   Other amendments

Income Tax Assessment Act 1997

24   Subsection 995-1(1) (definition of participant )

Repeal the definition, substitute:

participant:

(a) participant , in relation to a *GST joint venture, has the meaning given by section 195-1 of the *GST Act; and

(a) participant in a *forestry managed investment scheme has the meaning given by subsection 394-15(4).