Tax Laws Amendment (2013 Measures No. 1) Act 2013 (119 of 2013)

Schedule 1   Strengthening scrip for scrip roll-over, small business entity and other concessions

Part 2   Meaning of connected with an entity

Income Tax Assessment Act 1997

7   Paragraphs 328-125(2)(a) and (b)

Omit “beneficially own, or have the right to acquire the beneficial”, substitute “own, or have the right to acquire the”.