New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)
Schedule 13 Exempting entities and former exempting entities
Income Tax Assessment Act 1997
10 Paragraph 204-50(2)(b)
Repeal the paragraph, substitute:
(b) in a case where the Commissioner determines that an*exempting debit is to arise in the*exempting account of an entity under paragraph 204-30(3)(b) - to the entity; and
(c) in a case where a favoured member is denied an*imputation benefit under paragraph 204-30(3)(c) - to the favoured member.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
