First Home Saver Accounts (Consequential Amendments) Act 2008 (45 of 2008)

Schedule 7   Other amendments relating to changes of references to virtual PST etc.

Income Tax Assessment Act 1997

7   Subsection 210-175(2) (before the definition of tax offset to which the entity would otherwise be entitled )

Insert:

complying superannuation/FHSA class of taxable income means the *complying superannuation/FHSA class of taxable income of the company for the income year in which the *distribution is made.