Taxation Laws Amendment Act (No. 2) 1993 (18 of 1993)
Schedule AMENDMENTS OF ACTS
Income Tax Assessment Act 1936
After section 221AK
Insert:
Termination of operation of this Division
"221AKA.(1) This Division does not apply to a taxpayer in relation to a year of income if Division 1C applies to the taxpayer for that year of income.
"(2) If this Division ceases to apply to a taxpayer because of subsection (1), the taxpayer is no longer to be regarded as a relevant entity within the meaning of this Division for any purpose of this Act.".
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