Document ID: chunk:federal_register_of_legislation:C2021C00270:clause:2_3
Version: federal_register_of_legislation:C2021C00270
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 28550–29212

3  Subsection 995‑1(1)
Insert:
income tax liability, of an entity for an income year, is the amount assessed as being the amount of income tax that the entity owes (as mentioned in step 4 of the method statement in subsection 4‑10(3)) for the financial year applicable to the entity under subsection 4‑10(2).
interest in membership interests has the same meaning as in section 177EA of the Income Tax Assessment Act 1936.
scheme for a disposition, in relation to *membership interests or an *interest in membership interests, has the same meaning as in section 177EA of the Income Tax Assessment Act 1936.

Part 2—Anti‑avoidance

Income Tax Assessment Act 1936