Document ID: chunk:federal_register_of_legislation:C2025A00009:clause:2_11
Version: federal_register_of_legislation:C2025A00009
Segment Type: clause
Provision Reference: sch 2 cl 11
Character Range: 97547–98313

11  After paragraph 177F(3)(g)
Insert:
 or (h) if, in the opinion of the Commissioner:
 (i) an amount would have been allowed, or would be allowable, to the relevant taxpayer as a CMPTI tax offset if the scheme had not been entered into or carried out, being an amount that was not allowed or would not, apart from this subsection, be allowable, as the case may be, as a CMPTI tax offset to the relevant taxpayer; and
 (ii) it is fair and reasonable that the amount, or a part of the amount, should be allowable as a CMPTI tax offset to the relevant taxpayer;
  determine that that amount or that part, as the case may be, should have been allowed or is allowable, as the case may be, as a CMPTI tax offset to the relevant taxpayer;

Income Tax Assessment Act 1997