Statute Law Revision Act 2010 (8 of 2010)

Schedule 1   Amendment of principal Acts

Income Tax Assessment Act 1997

33   Subsection 210-175(2) (formula)

Repeal the formula, substitute:

Tax offset to which the entity would otherwise be entitled x (*Complying superannuation/FHSA class of taxable income / Total income)

Note: This item makes a consequential amendment required as a result of the First Home Saver Accounts Act 2008.