Treasury Legislation Amendment (Repeal Day) Act 2015 (2 of 2015)

Schedule 2   Consolidation and repeal of tax provisions

Part 4   Other repeals and amendments

Income Tax Assessment Act 1936

109   Paragraph 202DDB(1)(b)

Repeal the paragraph, substitute:

(b) either:

(i) the secondary investment has a descriptive title which identifies all the primary investors; or

(ii) the conditions set out in the regulations are satisfied;