Tax Laws Amendment (2004 Measures No. 1) Act 2004 (95 of 2004)
Schedule 9 Deductions for dividends on-paid to non-resident owners
Income Tax Assessment Act 1936
8 Subsection 46FB(6) (definition of unfranked amount )
Repeal the definition, substitute:
unfranked amount of a dividend (including an unfrankable distribution within the meaning of section 202-45 of the Income Tax Assessment Act 1997) means the amount of the dividend less the franked part.
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