Treasury Laws Amendment (Income Tax Consolidation Integrity) Act 2018 (14 of 2018)
Schedule 1 Consolidation
Part 1 Deductible liabilities
Income Tax Assessment Act 1997
5 After subsection 705-90(2A)
Insert:
(2B) Also, if an amount is not added under subsection 705-70(1) for an accounting liability to an extent because of subsection 705-70(1AB), the accounting liability is not to be taken into account, to that extent, in working out the undistributed profits.
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