Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 832-310 Hybrid mismatch 832-310(1)
A payment gives rise to a hybrid mismatch if:
(a) the payment gives rise to a *deduction/non-inclusion mismatch; and
(b) the payment meets the hybrid requirement in section 832-315 .
Amount of the hybrid mismatch
832-310(2)
The amount of the *hybrid mismatch is the lesser of:
(a) the amount of the *deduction/non-inclusion mismatch; and
(b) if there is an excess under either subparagraph 832-315(2)(b)(i) or 832-315(3)(b)(i) - the amount of the excess.
Ordering rule
832-310(3)
However, a payment does not give rise to a hybrid mismatch under this section if it gives rise to a *hybrid financial instrument mismatch.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
