Connected Entities Exemption – Interest in a Hybrid Company

Read this Commissioner's practice with:

• Revenue Ruling DA 19 ‘Duties – Applying for a Connected Entities Exemption’ which provides the Commissioner’s interpretation of certain terms relevant to applying for a connected entities exemption and
• Commissioner’s Practice TAA / DA 48 ‘Revocation of Connected Entities Exemption’ which outlines when a connected entities exemption will be revoked, when penalty tax may apply and how that penalty tax will be remitted.