Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The notional income of the FIF in respect of the relevant period does not include any dividend or distribution paid to the FIF by another FIF unless the FIF's interest in the other FIF is covered by Division 8.
(2) If the FIF's interest in the other FIF is covered by Division 8, the notional income of the FIF in respect of the relevant period does not include any dividend or distribution paid to the FIF by the other FIF to the extent of the grossed‑up amount of a FIF attribution debit that arises in relation to the taxpayer as a result of the dividend or distribution.