Commonwealth Numbered Acts

INDUSTRY, TECHNOLOGY AND COMMERCE LEGISLATION AMENDMENT ACT (No. 2) 1989 No. 10 of 1990 - SECT 9

9. Section 29ZB of the Principal Act is amended:
(a) by inserting in subsection (1) ", and at the time at which," after "to the
extent to which";

   (b)  by omitting subsection (3) and substituting the following subsection:

"(3) The assessable income of the Corporation for the purposes of the
Income Tax Assessment Act 1936 is not to include:

   (a)  any payment made by the receiving subsidiary under section 29l of this
        Act (whether or not the payment is made, or required to be made, to
        the Corporation); or

   (b)  any payment made to the Corporation in relation to which section 29LA
        of this Act applies.".