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
145 After subsection 165-115Y(4)
Insert:
(4A) Subsection (4) does not apply if the first entity is a *widely held company.
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