Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 276.100

  (1)   This section applies if:

  (a)   an amount is included in the assessable income of a * member of an * AMIT in respect of an income year in respect of the member's interest in the AMIT; and

  (b)   that amount is so included otherwise than because of the operation of subsection   276 - 80(2).

  (2)   Reduce the amount included in the assessable income of the * member as mentioned in subsection   (1) to the extent (if any) that a corresponding amount is included in the assessable income of the member in respect of the member's interest in the * AMIT because of the operation of subsection   276 - 80(2).

  (3)   To avoid doubt, this section is subject to section   230 - 20 (financial arrangements).