Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
A payment gives rise to a hybrid mismatch if the payment is an *importing payment in relation to an *offshore hybrid mismatch.
A payment does not give rise to a hybrid mismatch under this section if it gives rise to a *hybrid financial instrument mismatch, a *hybrid payer mismatch, a *reverse hybrid mismatch, a *branch hybrid mismatch or a *deducting hybrid mismatch.
PART 4-5
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GENERAL
Division 832
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Hybrid mismatch rules
Subdivision 832-H
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Imported hybrid mismatch
Operative provisions
SECTION 832-620
Hybrid mismatch
832-620(1)
A payment gives rise to a hybrid mismatch if the payment is an *importing payment in relation to an *offshore hybrid mismatch.
Note:
For the meaning of offshore hybrid mismatch see sections 832-195 , 832-300 , 832-390 , 832-465 , and 832-540 .
Ordering rule 832-620(2)A payment does not give rise to a hybrid mismatch under this section if it gives rise to a *hybrid financial instrument mismatch, a *hybrid payer mismatch, a *reverse hybrid mismatch, a *branch hybrid mismatch or a *deducting hybrid mismatch.
Note:
However, for an imported hybrid mismatch to arise, a different payment must have given rise to an offshore hybrid mismatch that is of one of these kinds.
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