Treasury Laws Amendment (Income Tax Consolidation Integrity) Act 2018 (14 of 2018)
Schedule 1 Consolidation
Part 3 Securitised assets: 2014 Budget
Income Tax Assessment Act 1997
10 At the end of section 705-70
Add:
Exclusion of amounts for certain securitisation liabilities
(4) An amount is not to be added for an accounting liability of the joining entity under subsection (1) if the accounting liability is covered under section 705-76 (securitisation liabilities).
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