Document ID: chunk:federal_register_of_legislation:C2010C00578:clause:1_30
Version: federal_register_of_legislation:C2010C00578
Segment Type: clause
Provision Reference: sch 1 cl 30
Character Range: 35022–35498

30  Paragraph 820‑946(1)(c)
Repeal the paragraph, substitute:
 (c) neither section 820‑35 ($250,000 debt deductions threshold) nor section 820‑37 (exemption for entity with 90% Australian assets) prevents Subdivision 820‑B, 820‑C, 820‑D or 820‑E from disallowing any *debt deduction of the entity for the income year;
 (da) for some or all of that period, the entity does not meet the conditions in subsection 820‑39(3) (about exemption of certain special purpose entities);