Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)
Schedule 5 Consolidation
Part 20 Non-membership equity interests
Income Tax Assessment Act 1997
203 Subsection 705-65(6)
Repeal the subsection, substitute:
Non-membership equity interests
(6) For the purposes of this section, if at the joining time a *member of the joined group holds a *non-membership equity interest in the joining entity, that non-membership equity interest is treated as if it were a *membership interest in the joining entity.
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