Treasury Laws Amendment (2020 Measures No. 2) Act 2020 (79 of 2020)
Schedule 1 Hybrid mismatch rules
Part 1 Main amendments
Income Tax Assessment Act 1997
40 Subsection 995-1(1) (at the end of the definition of net income)
Add:
; and (c) of a public trading trust - has the same meaning as in Division 6C of Part III of that Act; and
(d) of an AMIT - means the AMIT's total assessable income, reduced by all deductions of the AMIT.