Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 960.560

Meaning of global parent entity

                   A global parent entity is an entity that, according to:

                     (a)  * accounting principles; or

                     (b)  if accounting principles do not apply in relation to the entity--commercially accepted principles relating to accounting;

is not controlled by another entity.

Note:          A global parent entity may be a single entity that is not a member of a group of entities.



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