Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 6   Removal of the same business test cap

Part 2   Consequential amendments

Income Tax Assessment Act 1997

11   Section 165-30

Repeal the section, substitute:

165-30 Flow chart showing the application of this Subdivision

Note: If the company was a partner during the income year, special rules apply to calculating a notional loss or notional taxable income.