Tax Laws Amendment (2007 Measures No. 4) Act 2007 (143 of 2007)

Schedule 1   New foreign income tax offset rules

Part 4   Consequential and other amendments

Income Tax Assessment Act 1936

25   Subsection 6AB(6) (definition of credit absorption tax )

Omit "a credit in respect of the tax under Division 18 of Part III", substitute "an offset in respect of the tax under Division 770 of the Income Tax Assessment Act 1997".