Document ID: chunk:federal_register_of_legislation:C2016C00523:clause:2_44
Version: federal_register_of_legislation:C2016C00523
Segment Type: clause
Provision Reference: sch 2 cl 44
Character Range: 54558–55525

44  Paragraph 460(3)(c)
Repeal the paragraph, substitute:
 (c) the tax detriment would be reduced by an amount if it were recalculated on the following assumptions:
 (i) sections 97, 98A and 100 applied only to so much of the beneficiary's share of the net income of the Australian trust or the ultimate trust as is attributable to periods when the beneficiary was a Part X Australian resident;
 (ii) Subdivision 115‑C of the Income Tax Assessment Act 1997 applied only to so much of the beneficiary's share of each capital gain of the Australian trust or the ultimate trust as is attributable to periods when the beneficiary was a Part X Australian resident;
 (iii) Subdivision 207‑B of the Income Tax Assessment Act 1997 applied only to so much of the beneficiary's share of each franked distribution of the Australian trust or the ultimate trust as is attributable to periods when the beneficiary was a Part X Australian resident;

Income Tax Assessment Act 1997