Treasury Laws Amendment (2020 Measures No. 2) Act 2020 (79 of 2020)

Schedule 1   Hybrid mismatch rules

Part 3   Hybrid entities integrity rule

Income Tax Assessment Act 1997

57   Subsection 832-725(3)

Repeal the subsection, substitute:

(3) The entity mentioned in paragraph (1)(e) is not entitled to the deduction mentioned in that paragraph.