Taxation Laws Amendment Act (No. 6) 2003 (67 of 2003)

Schedule 5   Consolidation: transitional foreign-held membership structures

Income Tax Assessment Act 1997

3   Paragraph 719-10(6)(c)

Repeal the paragraph, substitute:

(c) there are no entities for which the requirements mentioned in subparagraph (1)(b)(ii) are met; and

(d) there are no entities for which the requirements mentioned in subparagraph (1)(b)(iii) are met;