Tax Laws Amendment (Election Commitments No. 1) Act 2008 (32 of 2008)

Schedule 1   Distributions of managed investment trust income to foreign residents

Part 3   Consequential amendments

Income Tax Assessment Act 1997

22   Subsection 995-1(1) (paragraph (c) of the definition of withholding tax )

Repeal the paragraph, substitute:

(c) Division 840 (withholding taxes); or

(d) Subdivision 840-M of the Income Tax (Transitional Provisions) Act 1997 (managed investment trust amounts); or

(e) section 128B of the Income Tax Assessment Act 1936 (dividends, interest and royalties).