Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 802.55

    An amount cannot be both:

  (a)   an unfranked non - portfolio dividend credit for an entity under section   46FB of the Income Tax Assessment Act 1936 ; and

  (b)   counted towards:

  (i)   the entity's * conduit foreign income; and

  (ii)   the entity's * non - assessable non - exempt income under section   802 - 20.