Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)

Schedule 2   AMENDMENTS RELATING TO POOLED DEVELOPMENT FUNDS

Part 2   INCOME TAX ASSESSMENT ACT 1936

13   Subsection 46(7A)

Add at the end:

"; and (c) a reference in this section to the part of any PDF dividends that is included in the shareholder's taxable income is to be read as a reference to the part of any PDF dividends that would have been included in the shareholder's taxable income if the option had been exercised in such a way that the value of the article that would have been taken into account at the end of the year of income would have been the lowest amount at which the value of that article could have been taken into account at that time in accordance with subsection 31(1).".