Document ID: chunk:federal_register_of_legislation:C2010C00603:clause:1_2
Version: federal_register_of_legislation:C2010C00603
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 7261–7814

2  At the end of section 703‑30 (after the note)
Add:

 (3) For the purposes of this section, one entity is not prevented from being the beneficial owner of a *membership interest in another entity merely because the first entity is or becomes:
 (a) an externally‑administered body corporate within the meaning of the Corporations Act 2001; or
 (b) an entity with a status under a *foreign law similar to the status of an externally‑administered body corporate under the Corporations Act 2001.

Part 3—Finance leases

Income Tax Assessment Act 1997