Document ID: chunk:federal_register_of_legislation:C2018A00084:clause:1_1:p35
Version: federal_register_of_legislation:C2018A00084
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 35/35)
Character Range: 88461–89653

The amount of the imported hybrid mismatch is worked out under section 832‑630.

832‑615  When a payment gives rise to an imported hybrid mismatch
 (1) A payment gives rise to an imported hybrid mismatch if:
 (a) the payment gives rise to a *hybrid mismatch under section 832‑620; and
 (b) an item in the table in subsection (2) applies to the importing payment.
Note: The amount of the imported hybrid mismatch is worked out under section 832‑630.

Priority rules for importing payments
 (2) If more than one item in the following table covers an *importing payment in relation to an *offshore hybrid mismatch, apply the first item that covers it. However, an item does not apply to an importing payment if:
 (a) an item higher in the table applies to one or more other importing payments in relation to the offshore hybrid mismatch; and
 (b) the offshore hybrid mismatch is, or will be, fully neutralised by the application of this Subdivision, and equivalent provisions of applicable *foreign hybrid mismatch rules, to those other importing payments.

Priority table for importing payments
Item                                   Topic                   An *importing payment is covered if: