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

147   After paragraph 715-255(1)(b)

Insert:

and (ba) the *head company has a relevant equity interest under section 165-115X in the leaving entity at the leaving time;