New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 22   Consolidation: thin capitalisation

Income Tax Assessment Act 1997

1   Subparagraph 820-599(2)(c)(iv)

Repeal the subparagraph, substitute:

(iv) was not a member of a *consolidated group; and

(v) was not a member of a *MEC group; and