Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019 (34 of 2019)

Schedule 1   Non-concessional MIT income

Part 2   Definitions

Income Tax Assessment Act 1997

13   Subsection 995-1(1) (definition of stapled entity)

Repeal the definition, substitute:

stapled entity :

(a) in relation to a *cross staple arrangement - has the meaning given by section 12-436 in Schedule 1 to the Taxation Administration Act 1953; or

(b) otherwise - has the meaning given by section 124-1045.