S 611 repealed by
No 143 of 2007
, s 3 and Sch 1 item 126, applicable in relation to income years, statutory accounting periods and notional accounting periods starting on or after the first 1 July that occurs after 24 September 2007. For savings provisions, see note under s
. S 611 formerly read:
SECTION 611 FIF ATTRIBUTED TAX ACCOUNT CREDIT FLOWING THROUGH MORE THAN ONE FIF
A FIF attributed tax account credit arises for a FIF attribution account entity (
the eligible entity
) in relation to a taxpayer if, as a result of a FIF attribution account payment made to the eligible entity, a FIF attributed tax account debit arises for another entity in relation to the taxpayer.
The amount of the credit is equal to the amount of the FIF attributed tax account debit.
The FIF attributed tax account credit arises when the FIF attribution account payment is made.
S 611 inserted by No 190 of 1992.