Treasury Laws Amendment (2020 Measures No. 2) Act 2020 (79 of 2020)

Schedule 1   Hybrid mismatch rules

Part 3   Hybrid entities integrity rule

Income Tax Assessment Act 1997

59   At the end of section 832-725

Add:

(7) Subsection (3) does not apply to the extent that an amount to which the payment relates was not allowable as a deduction under subsection 832-530(2).