Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 215 - Consequences of the debt/equity rules  

Subdivision 215-A - Application of the imputation system to non-share equity interests  

SECTION 215-1   Application of the imputation system to non-share equity interests  

215-1(1)    
The *imputation system applies to a *non-share equity interest in the same way as it applies to a *membership interest.

215-1(2)    
The *imputation system applies to an equity holder in an entity who is not a member of the entity in the same way as it applies to a member of the entity.