Tax Laws Amendment (2004 Measures No. 6) Act 2005 (23 of 2005)

Schedule 3   Simplified Imputation System

Part 2   Miscellaneous consequential and technical amendments

Income Tax Assessment Act 1997

84   Subsection 110-55(8)

Repeal the subsection, substitute:

(8) The amount of the reduction is:

Attributable amount * (Amount of tax offset / [Dividend amount * Corporate tax rate])

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