Tax Laws Amendment (2012 Measures No. 2) Act 2012 (99 of 2012)

Schedule 2   Consolidation and TOFA

Income Tax Assessment Act 1997

2   Paragraph 715-375(1)(c)

Repeal the paragraph, substitute:

(c) the accounting liability is or is part of a *Division 230 financial arrangement of the head company at the joining time (because of subsection 701-1(1) (the single entity rule)).