Tax Laws Amendment (2004 Measures No. 3) Act 2004 (105 of 2004)
Schedule 1 Venture capital
Part 1 Tax amendments
Income Tax Assessment Act 1997
6 After subsection 118-425(1)
Insert:
Certain entities not treated as connected entities
(1A) In applying subparagraph (1)(d)(ii), ignore an entity that is a *connected entity of the company only because it is an *associate of the company because of an investment made in the entity by the partnership.
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