Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 832.545

  (1)   A payment or other amount gives rise to a deducting hybrid mismatch if there is a * deducting hybrid in relation to the payment or other amount.

  (2)   Each * deduction component of the * deduction/deduction mismatch mentioned in paragraph   832 - 550(a) is a deduction component of the * deducting hybrid mismatch.

  (3)   A * deducting hybrid mismatch is also a hybrid mismatch .

Ordering rule

  (4)   However, a payment does not give rise to a deducting hybrid mismatch if it gives rise to a * hybrid financial instrument mismatch, a * hybrid payer mismatch, a * reverse hybrid mismatch or a * branch hybrid mismatch.