Treasury Laws Amendment (2020 Measures No. 2) Act 2020 (79 of 2020)
Schedule 1 Hybrid mismatch rules
Part 1 Main amendments
Income Tax Assessment Act 1997
25 Paragraph 832-550(c)
Repeal the paragraph, substitute:
(c) the entity:
(i) is a *liable entity in one deducting country (but not both); or
(ii) satisfies the residency test in subsection 832-555(9) in both deducting countries, and is also a liable entity in both deducting countries; or
(iii) is a *member of a *consolidated group or a *MEC group.
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