Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)
Schedule 2 Consolidation etc.
Part 9 International tax
Division 1 Elections about valuing interests in FIFs held as trading stock
Income Tax Assessment Act 1997
40 At the end of section 717-280
Add:
; and (c) that section 701-5 (the entry history rule) does not prevent the head company from making an election under subsection 70-70(2).
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