Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-A - Preliminary  

Operative provisions

SECTION 832-45   Relationship between this Division and other charging provisions in this Act  

832-45(1)    
This section applies if an amount is included in the assessable income of an entity under a provision of this Division in relation to a payment.

832-45(2)    
An amount in relation to the payment that is to be included in the assessable income of the entity under a provision (other than a provision of this Division) is to be reduced to the extent (if any) necessary to ensure that the total amount included in the entity ' s assessable income in relation to the payment does not exceed the amount of the payment.

Relationship with section 230-20

832-45(3)    
This section applies despite section 230-20 (about taxation of financial arrangements).