Tax Laws Amendment (2010 Measures No. 2) Act 2010 (75 of 2010)
Schedule 1 Distributions to entities connected with a private company
Income Tax Assessment Act 1936
30 After subsection 109Y(2)
(2A) Reduce the total of the amounts worked out under paragraph (b) of the definition of non-commercial loans in subsection (2) by the total of the unfranked parts of any dividends:
(a) that are distributed by the company; and
(b) to which section 109ZCA applies.