Income Tax Assessment Act 1997
This section applies to an entity if:
(a) apart from this section, the entity would be entitled to a deduction in an income year in respect of a payment; and
(b) the deduction is the *deduction component of a *reverse hybrid mismatch to which the payment gives rise. 832-380(2)
So much of the deduction as does not exceed the amount of the *reverse hybrid mismatch is not allowable as a deduction.