Tax and Superannuation Laws Amendment (2014 Measures No. 4) Act 2014 (110 of 2014)

Schedule 2   Foreign dividends

Part 3   Consequential amendments

Income Tax Assessment Act 1997

18   Subsection 118-20(6)

Omit “section 23AJ (about exempting certain non-portfolio dividends paid by non-resident companies) of the Income Tax Assessment Act 1936 because a company pays a *dividend to you”, substitute “section 768-5 (about foreign equity distributions on participation interests) because a company makes a *foreign equity distribution”.