Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 208 - Exempting entities and former exempting entities  

Subdivision 208-A - What are exempting entities and former exempting entities?  

SECTION 208-20  

208-20   Exempting entities  

A *corporate tax entity is an exempting entity at a particular time if, at that time, the entity is effectively owned by prescribed persons.

Note:

Prescribed persons are identified in sections 208-40 and 208-45 .