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Income Tax Act 2007

Section 576B

3191.This new section of ICTA mirrors section 137 of this Act, which corresponds to section 181 with modifications.

3192.Subsection (2) corresponds to section 181(3) and subsection (6) corresponds to section 181(7). For the reason for the introduction of subsections (3) and (7) of section 181 see Change 42 in Annex 1 and the commentary on section 181.

3193.Subsection (5) corresponds to section 181(6), including the change made in section 181(6)(d) by Change 41 in Annex 1.

3194.The definition of “non-qualifying activities” in subsection (7) includes the change affecting the definition of that term for the purposes of section 181(8) made by Change 43 in Annex 1.

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