Tax and Superannuation Laws Amendment (2014 Measures No. 4) Act 2014 (110 of 2014)
Schedule 5
Part 4 Other amendments of principal Acts
Income Tax Assessment Act 1997
115 Paragraph 709-185(1)(c)
Repeal the paragraph, substitute:
(c) an amount (the joining entity’s excess ) of the offset remains after applying section 63-10 (about the tax offset priority rules) to the joining entity’s basic income tax liability for that income year.
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