Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-G - Deducting hybrid mismatch  

Operative provisions

SECTION 832-545   When an amount gives rise to a deducting hybrid mismatch  

832-545(1)    
A payment or other amount gives rise to a deducting hybrid mismatch if there is a *deducting hybrid in relation to the payment or other amount.

832-545(2)    
Each *deduction component of the *deduction/deduction mismatch mentioned in paragraph 832-550(a) is a deduction component of the *deducting hybrid mismatch.

832-545(3)    
A *deducting hybrid mismatch is also a hybrid mismatch .

Ordering rule

832-545(4)    
However, a payment does not give rise to a deducting hybrid mismatch if it gives rise to a *hybrid financial instrument mismatch, a *hybrid payer mismatch, a *reverse hybrid mismatch or a *branch hybrid mismatch.