Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 960-560 960-560 Meaning of global parent entity
A global parent entity is an entity that, according to:
(a) *accounting principles; or
(b) if accounting principles do not apply in relation to the entity - commercially accepted principles relating to accounting;
is not controlled by another entity.
Note:
A global parent entity may be a single entity that is not a member of a group of entities.
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