Tax Laws Amendment (2006 Measures No. 3) Act 2006 (80 of 2006)

Schedule 4   Simplified imputation system (share capital tainting rules)

Part 2   Consequential amendments relating to rewritten share capital tainting rules

Division 1   Amendments

Income Tax Assessment Act 1997

7   Subsection 995-1(1)

Insert:

tainted : for when a company's *share capital account is tainted , see subsections 197-50(1) and (2).