Document ID: chunk:federal_register_of_legislation:C2019A00034:clause:1_2:p2
Version: federal_register_of_legislation:C2019A00034
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 2/2)
Character Range: 7506–8241

or receives the amount from the operating entity at a time that:
 (i) is in the income year; and
 (ii) is on or after 27 March 2018; and
 (iii) meets the requirements in subsection 12‑440(4) of Schedule 1 to the Taxation Administration Act 1953; and
 (b) the other entity is an *asset entity in relation to the cross staple arrangement; and
 (c) apart from this subsection, the operating entity could otherwise deduct the amount under this Act; and
 (d) the amount is *excepted MIT CSA income of the asset entity for the income year.
 (3) If the *asset entity is not a *managed investment trust in relation to the income year, for the purposes of paragraph (2)(d), treat it as a managed investment trust in relation to the income year.