BKLM641500 - Anti-avoidance: relevant arrangements that can be ignored when applying the anti-avoidance rule: net settlement arrangements
Paragraph 47(11) of Schedule 19
»Ê¹ÚÌåÓýapp bank levy legislation allows relevant entities and relevant groups to reduce their chargeable liabilities by entering into net settlement agreements which meet prescribed requirements - see BKLM350000.
To the extent relevant arrangements include an agreement meeting these requirements, the relevant arrangements will be ignored for the purposes of the anti-avoidance measure.
Other effects of relevant arrangements are not ignored, unless an exception applies - see BKLM641000.