Taxation Laws Amendment Act (No. 6) 2003 (67 of 2003)

Schedule 5   Consolidation: transitional foreign-held membership structures

Income Tax Assessment Act 1997

1   Subparagraphs 719-10(1)(b)(ii) and (iii)

Repeal the subparagraphs, substitute:

(ii) are entities for which the requirements in section 701C-10 of the Income Tax (Transitional Provisions) Act 1997 are met; or

(iii) are entities for which the requirements in section 701C-15 of the Income Tax (Transitional Provisions) Act 1997 are met.