Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 5   Consolidation

Part 16   Loss multiplication rules for widely held companies

Income Tax Assessment Act 1997

142   After subsection 165-115X(3)

Insert:

(3A) Subsection (3) does not apply if the first entity is a *widely held company.


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