Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (FOREIGN INCOME) ACT 1990 No. 5 of 1991 - SECT 6

6. Section 6AC of the Principal Act is amended by adding at the end the
following subsections:

"(3) Where a taxpayer is, because of section 160AFCA, taken to have paid an
amount of foreign tax in respect of an amount included in the assessable
income of the taxpayer under section 456 (in this subsection called the
`section 456 amount'), the section 456 amount is taken, for the purposes of
this Act (other than sections 160AFCA and 371) to be increased by the amount
of that tax.

"(4) Where a taxpayer is, because of section 160AFCB, taken to have paid an
amount of foreign tax in respect of an amount included in the assessable
income of the taxpayer under section 457 (in this subsection called the
`section 457 amount'), the section 457 amount is taken, for the purposes of
this Act (other than sections 160AFCB and 371) to be increased by the amount
of that tax.

"(5) Where a taxpayer is, because of section 160AFCC, taken to have paid an
amount of foreign tax in respect of an amount included in the assessable
income of the taxpayer under section 458 (in this subsection called the
`section 458 amount'), the section 458 amount is taken, for the purposes of
this Act (other than sections 160AFCC and 371) to be increased by the amount
of that tax.".