Tax Laws Amendment (2011 Measures No. 9) Act 2012 (12 of 2012)

Schedule 6  

Part 10   Small business participation percentage

Division 1   Companies

Income Tax Assessment Act 1997

108   At the end of section 152-70

Add:

(3) Paragraph (a) of item 1 of the table does not apply if the entity holds the legal and equitable interests in the *shares jointly with another entity.