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
212 Subsection 705-225(5)
Repeal the subsection, substitute:
Non-membership equity interests
(5) For the purposes of this section, if, on becoming a *subsidiary member, a linked entity holds a *non-membership equity interest in another linked entity, that interest is treated as if it were a *membership interest in that other linked entity.
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