The Authorised Investment Funds (Tax) (Amendment No. 2) Regulations 2010

Amendment of regulation 13 (treatment of interest distributions for purposes of loan relationships)

This section has no associated Explanatory Memorandum

3.  In regulation 13 (treatment of interest distributions for purposes of loan relationships) after paragraph (1) insert—

(1A) But paragraph (1) does not apply to the extent that the interest distribution is derived from franked investment income..