Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteSubdivision 832-H (Imported hybrid mismatch) of the Income Tax Assessment Act 1997 applies to assessments for income years starting on or after 1 January 2019.
832-15(2)
However, in applying Subdivision 832-H to assessments for income years starting before 1 January 2020, items 2 and 3 of the table in subsection 832-615(2) are to be disregarded.
832-15(3)
Despite subsection (1), Subdivision 832-H does not apply in relation to an offshore hybrid mismatch unless a deduction component of the mismatch arose in a foreign tax period that ends in an income year starting on or after 1 January 2019.
832-15(4)
In determining whether subsection (3) is satisfied in relation to an offshore hybrid mismatch, disregard section 832-635 of the Income Tax Assessment Act 1997 .
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