Income Tax Assessment Act 1997
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In the case of a foreign hybrid company, references in this Subdivision that relate to partnerships are to be read subject to Subdivision 830-B . For example, a reference to a partner will be a reference to a shareholder in the company who is treated by Subdivision 830-B as a partner.
To avoid doubt, the fact that an entity becomes or ceases to be a *foreign hybrid in relation to an income year does not cause:
(a) a *CGT event to happen to any *CGT asset consisting of:
(i) any *share or interest in the entity; or
(ii) any interest in an asset of the entity; or
(b) a disposal or any other event to happen to any other asset consisting of such a share or interest.
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