The Australian Taxation Office (ATO) has published draft Taxation Determination (TD) 2021/D4 for public comment. The taxation determination concerns the application of the public entity exception to the indirect control test. The deadline for comments is 12 November 2021.
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Ruling
1. For the purposes of determining 'control' within the meaning of section 328-125 of the Income Tax Assessment Act 1997, where an entity (the first entity) controls another entity (the second entity), and th…