Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (147 of 2005)
Schedule 1 Loss recoupment rules for companies etc.
Income Tax Assessment Act 1997
151 Subsection 995-1(1)
Insert:
managed investment scheme means an entity, with more than 20 members, that is:
(a) a managed investment scheme for the purposes of the Corporations Act 2001; or
(b) an entity with a similar status to a managed investment scheme under a *foreign law relating to corporate regulation.
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