Tax Laws Amendment (2005 Measures No. 6) Act 2006 (13 of 2006)
Schedule 2 Extension of mutuality principle
Income Tax Assessment Act 1997
2 At the end of subsection 25-75(1) (before the note)
Add:
; or (e) for the purpose of producing amounts to which section 59-35 applies (amounts that would be mutual receipts but for prohibition on distributions to members); or
(f) in carrying on a *business for the purpose of producing amounts to which section 59-35 applies.
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