Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 832.305

  (1)   A payment gives rise to a hybrid payer mismatch if:

  (a)   the payment gives rise to a * hybrid mismatch under section   832 - 310; and

  (b)   subsection   (3) or (4) applies.

  (2)   The deduction component of the * hybrid payer mismatch is the * deduction component of the * deduction/non - inclusion mismatch mentioned in section   832 - 310.

Control group

  (3)   This subsection applies if the following entities are in the same * Division   832 control group:

  (a)   the * hybrid payer;

  (b)   each entity that is a * liable entity in respect of the income or profits of the hybrid payer.

Note:   For the meaning of Division   832 control group , see section   832 - 205.

Structured arrangement

  (4)   This subsection applies if the payment is made under a * structured arrangement.

Note:   For the meaning of structured arrangement , see section   832 - 210.