Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)
Schedule 5 Consolidation
Part 16 Loss multiplication rules for widely held companies
Income Tax Assessment Act 1997
149 Subsection 715-270(5)
Omit "If the trust is a *loss company at the leaving time, the *head company must", substitute "If the trust is a *loss company at the leaving time and the *head company has a relevant equity interest under section 165-115X in the leaving entity at the leaving time, the head company must".