Taxation Laws Amendment Act (No. 2) 1993 (18 of 1993)
PART 3 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
Division 7 Amendments relating to foreign investment
Subdivision G Exempt non-portfolio dividends received by CFC
40 Reduction of foreign investment fund income because of interim dividend or interim distribution of trust income
Section 530 of the Principal Act is amended by omitting paragraph (1) (d) and substituting the following paragraph:
"(d) is a non-portfolio dividend (as defined in section 317) that is:
(i) exempt from income tax under section 23AJ; or
(ii) notional exempt income of the taxpayer under paragraph 402 (2) (c) or 403 (b) or section 404;".
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