Document ID: chunk:federal_register_of_legislation:C2020A00008:clause:2_7
Version: federal_register_of_legislation:C2020A00008
Segment Type: clause
Provision Reference: sch 2 cl 7
Character Range: 8122–8637

7  Subsection 360‑15(2)
Repeal the subsection, substitute:

Members of trusts or partnerships
 (2) A *member of a trust or partnership (other than a partnership that is an *ESVCLP) at the end of an income year is entitled to a *tax offset for the income year if:
 (a) the trust or partnership would be entitled to a tax offset, under this section, for the income year if the trust or partnership were an individual; and
 (b) the member is not a *widely held company or a *100% subsidiary of a widely held company.