Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Act 2013 (101 of 2013)

Schedule 1   General anti-avoidance rules

Income Tax Assessment Act 1936

7   Subsection 177F(1)

Omit "a tax benefit has been obtained, or would but for this section be obtained, by a taxpayer in connection with a scheme to which this Part applies,", substitute "this Part applies to a scheme in connection with which a tax benefit has been obtained, or would but for this section be obtained,".