Tax Laws Amendment (Foreign Source Income Deferral) Act (No. 1) 2010 (114 of 2010)

Schedule 1   Repeal of the FIF and deemed present entitlement rules

Part 1   Main amendments

Income Tax Assessment Act 1936

17   Subsection 317(1) (definition of grossed-up amount)

Repeal the definition, substitute:

grossed-up amount , in relation to an attribution debit, has the meaning given by section 373.