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.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
