Income Tax Assessment Act 1997
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Hide history noteSECTION 820-57 820-57 Meaning of FRT disallowed amount
An entity has a fixed ratio test disallowed amount (or FRT disallowed amount ) for an income year equal to: (a) if * debt deductions of the entity for the income year are disallowed under subsection 820-46(1) and the amount disallowed is worked out in accordance with paragraph 820-50(1)(a) (fixed ratio test applies) - the amount disallowed; or (b) otherwise - zero.
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