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DB 54C: Certain expenditure incurred by foreign PIE equivalents
or “Foreign investment entities can't deduct expenses from certain income”
You could also call this:

“ Spending to get tax-free dividends: this rule no longer applies ”

This part of the law was about spending money to get dividends that you don’t have to pay tax on. However, this section has been removed from the law. It no longer applies to you or anyone else. If you want to know about how spending money to get dividends affects your taxes now, you’ll need to look at other parts of the tax law.

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Next up: DB 56: Expenditure incurred in operating motor vehicle under agreement or arrangement affected by section CX 7

or “Claiming expenses for a vehicle someone else has the right to use”
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Part D Deductions
Specific rules for expenditure types

DB 55Expenditure incurred in deriving exempt dividend (Repealed)

    Notes
    • DB 55: repealed (with effect on 30 June 2009 and applying for a person and income years beginning on or after 1 July 2009, except if the person meets the following requirements: applying for a person and the 2015–16 and later income years if the person takes a tax position, for an income year beginning on or after 1 July 2009, inconsistent with section 49(2) of the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Act 2014, and in a tax return filed before 22 November 2013), on , by section 49(2) of the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Act 2014 (2014 No 39).
    • DB 55(3): replaced (with effect on 1 April 2008 and applying for 2008–09 and later income years), on , by section 49(1) of the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Act 2014 (2014 No 39).