160Reducing literary proceeds amounts to take account of tax paid

160 Reducing literary proceeds amounts to take account of tax paid

(1) The court may reduce the *literary proceeds amount under a *literary proceeds order against a person by an amount that, in the court’s opinion, represents the extent to which tax that the person has paid is attributable to the *literary proceeds to which the order relates. (2) The tax may be tax payable under a law of the Commonwealth, a State, a Territory or a foreign country.